iShares Russell 2000 Value ETF (NYSEARCA:IWN) Sets New 12-Month High – Here’s What Happened

iShares Russell 2000 Value ETF (NYSEARCA:IWN)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as $208.90 and last traded at $208.03, with a volume of 147094 shares traded. The stock had previously closed at $207.75.

iShares Russell 2000 Value ETF Stock Up 0.3%

The business’s fifty day moving average is $196.04 and its 200 day moving average is $189.29. The firm has a market capitalization of $13.47 billion, a price-to-earnings ratio of 14.35 and a beta of 1.02.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Sequoia Financial Advisors LLC increased its stake in shares of iShares Russell 2000 Value ETF by 3.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 14,332 shares of the company’s stock worth $2,717,000 after purchasing an additional 461 shares during the last quarter. Independence Bank of Kentucky boosted its holdings in shares of iShares Russell 2000 Value ETF by 6.8% during the 1st quarter. Independence Bank of Kentucky now owns 1,585 shares of the company’s stock worth $300,000 after buying an additional 101 shares during the period. Mascoma Wealth Management LLC boosted its holdings in shares of iShares Russell 2000 Value ETF by 692.9% during the 1st quarter. Mascoma Wealth Management LLC now owns 222 shares of the company’s stock worth $42,000 after buying an additional 194 shares during the period. Relyea Zuckerberg Hanson LLC boosted its holdings in shares of iShares Russell 2000 Value ETF by 1.6% during the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 8,519 shares of the company’s stock worth $1,615,000 after buying an additional 135 shares during the period. Finally, Cedar Mountain Advisors LLC boosted its holdings in iShares Russell 2000 Value ETF by 17.9% in the 1st quarter. Cedar Mountain Advisors LLC now owns 369 shares of the company’s stock valued at $70,000 after purchasing an additional 56 shares during the period. 74.70% of the stock is currently owned by institutional investors and hedge funds.

About iShares Russell 2000 Value ETF

iShares Russell 2000 Value ETF, formerly Ishares Trust Russel 2000 (the Fund), formerly iShares Russell 2000 Value Index Fund, is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Russell 2000 Value Index (the Index). The Index measures the performance of equity securities of Russell 2000 Index issuers with relatively lower price-to-book ratios and lower forecasted growth. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.