Confluence Investment Management LLC Buys Shares of 21,203 iShares Russell 2000 Value ETF $IWN

Confluence Investment Management LLC purchased a new stake in iShares Russell 2000 Value ETF (NYSEARCA:IWN) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 21,203 shares of the company’s stock, valued at approximately $3,842,000.

A number of other hedge funds have also modified their holdings of the business. Cloud Capital Management LLC purchased a new stake in iShares Russell 2000 Value ETF in the 3rd quarter valued at about $45,000. Root Financial Partners LLC acquired a new position in iShares Russell 2000 Value ETF in the third quarter valued at about $53,000. Investment Counsel Co. of Nevada purchased a new position in iShares Russell 2000 Value ETF during the third quarter worth about $54,000. Cedar Mountain Advisors LLC increased its position in shares of iShares Russell 2000 Value ETF by 222.7% during the third quarter. Cedar Mountain Advisors LLC now owns 313 shares of the company’s stock valued at $55,000 after acquiring an additional 216 shares during the last quarter. Finally, Semmax Financial Advisors Inc. raised its stake in shares of iShares Russell 2000 Value ETF by 73.0% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 391 shares of the company’s stock valued at $63,000 after acquiring an additional 165 shares during the period. 74.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell 2000 Value ETF Stock Performance

Shares of IWN stock opened at $183.46 on Friday. The firm’s 50 day moving average price is $195.22 and its 200-day moving average price is $184.89. iShares Russell 2000 Value ETF has a one year low of $129.38 and a one year 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.

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.