iShares Russell 2000 ETF (NYSEARCA:IWM) Hits New 52-Week High – Should You Buy?

iShares Russell 2000 ETF (NYSEARCA:IWM) shares hit a new 52-week high on Friday . The stock traded as high as $294.00 and last traded at $293.60, with a volume of 6790487 shares. The stock had previously closed at $290.41.

iShares Russell 2000 ETF Price Performance

The firm has a market cap of $81.35 billion, a price-to-earnings ratio of 17.69 and a beta of 1.11. The firm’s 50 day moving average price is $277.84 and its two-hundred day moving average price is $263.26.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in IWM. Bank of America Corp DE raised its holdings in iShares Russell 2000 ETF by 633.5% during the fourth quarter. Bank of America Corp DE now owns 43,751,735 shares of the exchange traded fund’s stock worth $10,769,927,000 after purchasing an additional 51,952,453 shares in the last quarter. CTC LLC raised its holdings in iShares Russell 2000 ETF by 102.5% during the third quarter. CTC LLC now owns 339,320 shares of the exchange traded fund’s stock worth $82,102,000 after purchasing an additional 13,804,173 shares in the last quarter. HRT Financial LP raised its holdings in iShares Russell 2000 ETF by 112.9% during the fourth quarter. HRT Financial LP now owns 4,119,165 shares of the exchange traded fund’s stock worth $1,013,973,000 after purchasing an additional 2,184,265 shares in the last quarter. Jump Financial LLC raised its holdings in iShares Russell 2000 ETF by 452.0% during the fourth quarter. Jump Financial LLC now owns 1,655,028 shares of the exchange traded fund’s stock worth $407,402,000 after purchasing an additional 1,355,215 shares in the last quarter. Finally, Durable Capital Partners LP raised its holdings in iShares Russell 2000 ETF by 105.5% during the second quarter. Durable Capital Partners LP now owns 2,596,668 shares of the exchange traded fund’s stock worth $560,335,000 after purchasing an additional 1,333,316 shares in the last quarter.

About iShares Russell 2000 ETF

iShares Russell 2000 ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Russell 2000 Index (the Index). The Index is a float-adjusted capitalization weighted index that measures the performance of the small-capitalization sector of the United States equity market and includes securities issued by the approximately 2,000 smallest issuers in the Russell 3000 Index. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.