iShares Russell 2000 Value ETF (NYSEARCA:IWN) Sets New 12-Month High – Still a Buy?

iShares Russell 2000 Value ETF (NYSEARCA:IWN)’s share price reached a new 52-week high on Thursday . The stock traded as high as $220.85 and last traded at $219.49, with a volume of 169686 shares trading hands. The stock had previously closed at $218.59.

iShares Russell 2000 Value ETF Price Performance

The company has a fifty day moving average of $211.55 and a 200-day moving average of $198.98. The firm has a market capitalization of $14.30 billion, a PE ratio of 14.35 and a beta of 1.02.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of IWN. Ransom Advisory Ltd bought a new position in iShares Russell 2000 Value ETF during the fourth quarter valued at about $26,000. Operose Advisors LLC grew its stake in shares of iShares Russell 2000 Value ETF by 2,071.4% in the fourth quarter. Operose Advisors LLC now owns 152 shares of the company’s stock worth $28,000 after acquiring an additional 145 shares during the last quarter. Strive Financial Group LLC acquired a new stake in iShares Russell 2000 Value ETF in the 4th quarter worth $31,000. Nalls Sherbakoff Group LLC bought a new position in shares of iShares Russell 2000 Value ETF during the 4th quarter worth about $35,000. Finally, Bogart Wealth LLC increased its holdings in shares of iShares Russell 2000 Value ETF by 219.3% during the 1st quarter. Bogart Wealth LLC now owns 182 shares of the company’s stock worth $35,000 after purchasing an additional 125 shares during the period. Institutional investors own 74.70% of the company’s stock.

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.