iShares Russell 2000 ETF (NYSEARCA:IWM) Reaches New 52-Week High – Here’s Why

iShares Russell 2000 ETF (NYSEARCA:IWM)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $268.59 and last traded at $267.37, with a volume of 49272958 shares. The stock had previously closed at $262.58.

iShares Russell 2000 ETF Stock Up 2.0%

The firm has a fifty day moving average price of $250.02 and a two-hundred day moving average price of $240.25. The stock has a market capitalization of $78.41 billion, a P/E ratio of 17.69 and a beta of 1.13.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in iShares Russell 2000 ETF by 2.6% during the 4th quarter. Brighton Jones LLC now owns 87,732 shares of the exchange traded fund’s stock valued at $19,385,000 after purchasing an additional 2,221 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of iShares Russell 2000 ETF by 13.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 12,233 shares of the exchange traded fund’s stock valued at $2,703,000 after purchasing an additional 1,431 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of iShares Russell 2000 ETF by 16.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,300 shares of the exchange traded fund’s stock valued at $1,855,000 after purchasing an additional 1,300 shares in the last quarter. Golden State Equity Partners purchased a new stake in shares of iShares Russell 2000 ETF during the second quarter valued at $204,000. Finally, Opal Wealth Advisors LLC bought a new stake in iShares Russell 2000 ETF in the 2nd quarter worth about $28,000.

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.