iShares Russell 2000 Value ETF (NYSEARCA:IWN) Sets New 12-Month High – Still a Buy?

iShares Russell 2000 Value ETF (NYSEARCA:IWN)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $200.91 and last traded at $200.31, with a volume of 757886 shares. The stock had previously closed at $194.82.

iShares Russell 2000 Value ETF Price Performance

The business has a 50 day simple moving average of $189.13 and a 200-day simple moving average of $179.01. The stock has a market capitalization of $12.86 billion, a price-to-earnings ratio of 14.35 and a beta of 1.09.

Institutional Trading of iShares Russell 2000 Value ETF

A number of large investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its stake in iShares Russell 2000 Value ETF by 12.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,090 shares of the company’s stock valued at $198,000 after buying an additional 118 shares in the last quarter. Keudell Morrison Wealth Management acquired a new stake in shares of iShares Russell 2000 Value ETF during the fourth quarter worth $544,000. Axxcess Wealth Management LLC bought a new stake in iShares Russell 2000 Value ETF in the 4th quarter valued at $978,000. FourThought Financial Partners LLC bought a new stake in iShares Russell 2000 Value ETF in the 4th quarter valued at $226,000. Finally, Global Retirement Partners LLC boosted its stake in iShares Russell 2000 Value ETF by 89.0% in the 4th quarter. Global Retirement Partners LLC now owns 24,219 shares of the company’s stock worth $4,389,000 after purchasing an additional 11,402 shares during the period. 74.70% of the stock is owned by institutional investors.

iShares Russell 2000 Value ETF Company 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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.