Bank of America Corp DE Has $1.19 Billion Stock Position in iShares Russell 2000 Value ETF $IWN

Bank of America Corp DE reduced its stake in iShares Russell 2000 Value ETF (NYSEARCA:IWN) by 0.7% during the 3rd quarter, Holdings Channel reports. The firm owned 6,709,138 shares of the company’s stock after selling 44,692 shares during the period. Bank of America Corp DE owned approximately 0.10% of iShares Russell 2000 Value ETF worth $1,186,243,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in IWN. Ameriprise Financial Inc. increased its holdings in iShares Russell 2000 Value ETF by 11.2% in the third quarter. Ameriprise Financial Inc. now owns 244,581 shares of the company’s stock valued at $43,264,000 after purchasing an additional 24,668 shares during the last quarter. Creative Planning boosted its holdings in iShares Russell 2000 Value ETF by 0.9% during the third quarter. Creative Planning now owns 84,657 shares of the company’s stock worth $14,968,000 after buying an additional 792 shares during the last quarter. Raymond James Financial Inc. grew its position in shares of iShares Russell 2000 Value ETF by 4.4% during the 3rd quarter. Raymond James Financial Inc. now owns 411,160 shares of the company’s stock worth $72,697,000 after buying an additional 17,142 shares during the period. Equitable Holdings Inc. grew its position in shares of iShares Russell 2000 Value ETF by 10.7% during the 3rd quarter. Equitable Holdings Inc. now owns 23,647 shares of the company’s stock worth $4,181,000 after buying an additional 2,287 shares during the period. Finally, Horizon Investments LLC bought a new stake in shares of iShares Russell 2000 Value ETF in the 3rd quarter valued at about $374,000. 74.70% of the stock is owned by institutional investors and hedge funds.

iShares Russell 2000 Value ETF Price Performance

Shares of NYSEARCA:IWN opened at $188.14 on Tuesday. The firm’s 50 day simple moving average is $195.46 and its 200 day simple moving average is $184.71. iShares Russell 2000 Value ETF has a fifty-two week low of $129.38 and a fifty-two week high of $203.01. The company has a market capitalization of $12.08 billion, a price-to-earnings ratio of 14.35 and a beta of 1.09.

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.