iShares Russell 2000 ETF (NYSEARCA:IWM) Hits New 1-Year High – Here’s What Happened

Shares of iShares Russell 2000 ETF (NYSEARCA:IWM) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $274.51 and last traded at $273.69, with a volume of 5149068 shares changing hands. The stock had previously closed at $269.95.

iShares Russell 2000 ETF Stock Up 2.1%

The company’s fifty day moving average price is $256.84 and its 200-day moving average price is $252.38. The stock has a market capitalization of $77.33 billion, a PE ratio of 17.69 and a beta of 1.09.

Hedge Funds Weigh In On iShares Russell 2000 ETF

Several large investors have recently made changes to their positions in the business. Bank of America Corp DE raised its holdings in iShares Russell 2000 ETF by 633.5% in the 4th quarter. Bank of America Corp DE now owns 43,751,735 shares of the exchange traded fund’s stock worth $10,769,927,000 after acquiring an additional 51,952,453 shares during the last quarter. Rafferty Asset Management LLC raised its holdings in iShares Russell 2000 ETF by 10.6% in the 2nd quarter. Rafferty Asset Management LLC now owns 6,747,829 shares of the exchange traded fund’s stock worth $1,456,114,000 after acquiring an additional 648,801 shares during the last quarter. Northern Trust Corp raised its holdings in iShares Russell 2000 ETF by 3.2% in the 4th quarter. Northern Trust Corp now owns 4,252,572 shares of the exchange traded fund’s stock worth $1,046,813,000 after acquiring an additional 130,667 shares during the last quarter. HRT Financial LP raised its holdings in iShares Russell 2000 ETF by 112.9% in the 4th quarter. HRT Financial LP now owns 4,119,165 shares of the exchange traded fund’s stock worth $1,013,973,000 after acquiring an additional 2,184,265 shares during the last quarter. Finally, Durable Capital Partners LP raised its holdings in iShares Russell 2000 ETF by 105.5% in the 2nd quarter. Durable Capital Partners LP now owns 2,596,668 shares of the exchange traded fund’s stock worth $560,335,000 after acquiring an additional 1,333,316 shares during the last quarter.

iShares Russell 2000 ETF Company Profile

iShares Russell 2000 ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Russell 2000 Index (the Index). The Index is a float-adjusted capitalization weighted index that measures the performance of the small-capitalization sector of the United States equity market and includes securities issued by the approximately 2,000 smallest issuers in the Russell 3000 Index. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.