Franklin Resources Inc. Trims Stock Position in iShares Russell 2000 Value ETF $IWN

Franklin Resources Inc. cut its holdings in iShares Russell 2000 Value ETF (NYSEARCA:IWN) by 6.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,256 shares of the company’s stock after selling 3,623 shares during the quarter. Franklin Resources Inc.’s holdings in iShares Russell 2000 Value ETF were worth $9,033,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the stock. Brandywine Global Investment Management LLC purchased a new stake in iShares Russell 2000 Value ETF in the 2nd quarter valued at approximately $3,957,000. JPMorgan Chase & Co. raised its holdings in shares of iShares Russell 2000 Value ETF by 10.0% in the second quarter. JPMorgan Chase & Co. now owns 523,276 shares of the company’s stock worth $82,552,000 after acquiring an additional 47,361 shares during the last quarter. Howe & Rusling Inc. lifted its position in shares of iShares Russell 2000 Value ETF by 7.1% in the second quarter. Howe & Rusling Inc. now owns 2,258 shares of the company’s stock valued at $356,000 after acquiring an additional 150 shares in the last quarter. TD Waterhouse Canada Inc. boosted its stake in shares of iShares Russell 2000 Value ETF by 16.1% during the second quarter. TD Waterhouse Canada Inc. now owns 53,582 shares of the company’s stock valued at $8,622,000 after acquiring an additional 7,438 shares during the last quarter. Finally, Performa Ltd US LLC increased its position in iShares Russell 2000 Value ETF by 12.8% during the 2nd quarter. Performa Ltd US LLC now owns 52,499 shares of the company’s stock worth $8,282,000 after purchasing an additional 5,975 shares in the last quarter. 74.70% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell 2000 Value ETF Trading Up 0.4%

Shares of IWN stock opened at $182.23 on Friday. The company has a market capitalization of $11.94 billion, a price-to-earnings ratio of 14.35 and a beta of 1.09. The firm has a 50-day moving average price of $177.17 and a 200 day moving average price of $167.76. iShares Russell 2000 Value ETF has a twelve month low of $129.38 and a twelve month high of $182.80.

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.