iShares Russell 2000 Value ETF (NYSEARCA:IWN) Sets New 52-Week High – Here’s Why

iShares Russell 2000 Value ETF (NYSEARCA:IWN) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $221.94 and last traded at $221.48, with a volume of 22629 shares. The stock had previously closed at $221.20.

iShares Russell 2000 Value ETF Stock Performance

The firm has a market capitalization of $14.53 billion, a PE ratio of 14.35 and a beta of 1.01. The company has a fifty day simple moving average of $212.83 and a two-hundred day simple moving average of $200.05.

Institutional Trading of iShares Russell 2000 Value ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Ransom Advisory Ltd purchased a new position in iShares Russell 2000 Value ETF during the 4th quarter valued at about $26,000. Operose Advisors LLC lifted its position in shares of iShares Russell 2000 Value ETF by 2,071.4% in the 4th quarter. Operose Advisors LLC now owns 152 shares of the company’s stock worth $28,000 after purchasing an additional 145 shares during the period. Strive Financial Group LLC purchased a new stake in shares of iShares Russell 2000 Value ETF in the 4th quarter worth approximately $31,000. Nalls Sherbakoff Group LLC bought a new position in shares of iShares Russell 2000 Value ETF during the fourth quarter valued at approximately $35,000. Finally, Bogart Wealth LLC boosted its stake in shares of iShares Russell 2000 Value ETF by 219.3% during the first quarter. Bogart Wealth LLC now owns 182 shares of the company’s stock valued at $35,000 after purchasing an additional 125 shares in the last quarter. 74.70% of the stock is currently owned by institutional investors.

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.