HighMark Wealth Management LLC Makes New $975,000 Investment in iShares Russell 2000 Value ETF $IWN

HighMark Wealth Management LLC purchased a new stake in iShares Russell 2000 Value ETF (NYSEARCA:IWN) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,180 shares of the company’s stock, valued at approximately $975,000. iShares Russell 2000 Value ETF makes up 0.5% of HighMark Wealth Management LLC’s investment portfolio, making the stock its 28th largest holding.

Several other hedge funds and other institutional investors have also recently made changes to their positions in IWN. TIAA Trust National Association boosted its stake in iShares Russell 2000 Value ETF by 3.9% during the first quarter. TIAA Trust National Association now owns 2,843,511 shares of the company’s stock worth $429,313,000 after buying an additional 105,613 shares during the last quarter. Alaska Permanent Fund Corp raised its holdings in shares of iShares Russell 2000 Value ETF by 94.9% during the 1st quarter. Alaska Permanent Fund Corp now owns 2,402,269 shares of the company’s stock worth $347,849,000 after acquiring an additional 1,169,735 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of iShares Russell 2000 Value ETF by 1.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,088,938 shares of the company’s stock valued at $315,388,000 after acquiring an additional 24,679 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in shares of iShares Russell 2000 Value ETF by 2,207.2% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,234,460 shares of the company’s stock valued at $186,378,000 after purchasing an additional 1,180,955 shares during the period. Finally, D.A. Davidson & CO. increased its position in iShares Russell 2000 Value ETF by 5.0% during the first quarter. D.A. Davidson & CO. now owns 1,134,640 shares of the company’s stock worth $171,308,000 after purchasing an additional 54,387 shares during the last quarter. Institutional investors and hedge funds own 74.70% of the company’s stock.

iShares Russell 2000 Value ETF Price Performance

Shares of IWN stock opened at $178.04 on Friday. The company has a market capitalization of $12.08 billion, a PE ratio of 14.35 and a beta of 1.15. The firm’s 50-day moving average is $170.84 and its two-hundred day moving average is $158.53. iShares Russell 2000 Value ETF has a 12 month low of $129.38 and a 12 month high of $183.51.

iShares Russell 2000 Value ETF Profile

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.