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

iShares Russell 2000 ETF (NYSEARCA:IWM) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $294.00 and last traded at $293.60, with a volume of 6790487 shares trading hands. The stock had previously closed at $290.41.

iShares Russell 2000 ETF Price Performance

The company has a market cap of $81.35 billion, a PE ratio of 17.69 and a beta of 1.11. The company has a fifty day moving average price of $276.97 and a 200 day moving average price of $263.05.

Hedge Funds Weigh In On iShares Russell 2000 ETF

A number of institutional investors have recently added to or reduced their stakes in IWM. Bank of America Corp DE lifted its position in shares of iShares Russell 2000 ETF by 633.5% during the 4th quarter. Bank of America Corp DE now owns 43,751,735 shares of the exchange traded fund’s stock valued at $10,769,927,000 after buying an additional 51,952,453 shares in the last quarter. Rafferty Asset Management LLC increased its position in shares of iShares Russell 2000 ETF by 10.6% during the 2nd quarter. Rafferty Asset Management LLC now owns 6,747,829 shares of the exchange traded fund’s stock valued at $1,456,114,000 after purchasing an additional 648,801 shares during the last quarter. Northern Trust Corp increased its position in shares of iShares Russell 2000 ETF by 3.2% during the 4th quarter. Northern Trust Corp now owns 4,252,572 shares of the exchange traded fund’s stock valued at $1,046,813,000 after purchasing an additional 130,667 shares during the last quarter. HRT Financial LP boosted its holdings in iShares Russell 2000 ETF by 112.9% during the 4th quarter. HRT Financial LP now owns 4,119,165 shares of the exchange traded fund’s stock valued at $1,013,973,000 after acquiring an additional 2,184,265 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in iShares Russell 2000 ETF by 6.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,187,467 shares of the exchange traded fund’s stock valued at $790,492,000 after acquiring an additional 197,189 shares during the period.

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.