CIBC Bancorp USA Inc. Purchases Shares of 53,182 iShares Russell 2000 Value ETF $IWN

CIBC Bancorp USA Inc. acquired a new position in iShares Russell 2000 Value ETF (NYSEARCA:IWN) during the 3rd quarter, HoldingsChannel reports. The fund acquired 53,182 shares of the company’s stock, valued at approximately $9,403,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. First Horizon Corp purchased a new stake in iShares Russell 2000 Value ETF during the third quarter worth $9,463,000. CW Advisors LLC grew its position in iShares Russell 2000 Value ETF by 55.1% during the second quarter. CW Advisors LLC now owns 60,935 shares of the company’s stock valued at $9,613,000 after buying an additional 21,648 shares during the period. American Wealth Advisors LLC purchased a new position in iShares Russell 2000 Value ETF in the third quarter valued at $598,000. Cresset Asset Management LLC raised its position in shares of iShares Russell 2000 Value ETF by 18.3% in the second quarter. Cresset Asset Management LLC now owns 50,027 shares of the company’s stock worth $7,892,000 after acquiring an additional 7,749 shares during the period. Finally, American Trust acquired a new position in shares of iShares Russell 2000 Value ETF in the second quarter worth about $462,000. Institutional investors and hedge funds own 74.70% of the company’s stock.

iShares Russell 2000 Value ETF Stock Down 1.7%

IWN stock opened at $183.46 on Friday. iShares Russell 2000 Value ETF has a 52-week low of $129.38 and a 52-week high of $203.01. The firm has a market cap of $11.78 billion, a P/E ratio of 14.35 and a beta of 1.09. The company’s 50-day simple moving average is $195.22 and its 200-day simple moving average is $184.89.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.