iShares Russell 2000 ETF (NYSEARCA:IWM) Hits New 12-Month High – What’s Next?

iShares Russell 2000 ETF (NYSEARCA:IWM)’s stock price hit a new 52-week high on Thursday . The company traded as high as $258.33 and last traded at $258.1570, with a volume of 19340296 shares. The stock had previously closed at $255.48.

iShares Russell 2000 ETF Trading Up 0.8%

The firm has a market cap of $76.57 billion, a price-to-earnings ratio of 17.69 and a beta of 1.13. The stock has a fifty day moving average price of $247.14 and a 200 day moving average price of $237.70.

Hedge Funds Weigh In On iShares Russell 2000 ETF

Institutional investors have recently modified their holdings of the company. Empower Advisory Group LLC lifted its position in iShares Russell 2000 ETF by 5.8% during the 2nd quarter. Empower Advisory Group LLC now owns 8,616,866 shares of the exchange traded fund’s stock valued at $1,859,433,000 after purchasing an additional 472,801 shares during the period. JPMorgan Chase & Co. raised its stake in shares of iShares Russell 2000 ETF by 35.3% during the second quarter. JPMorgan Chase & Co. now owns 8,178,921 shares of the exchange traded fund’s stock worth $1,764,930,000 after buying an additional 2,134,779 shares during the last quarter. Rafferty Asset Management LLC lifted its holdings in iShares Russell 2000 ETF by 10.6% in the second quarter. Rafferty Asset Management LLC now owns 6,747,829 shares of the exchange traded fund’s stock valued at $1,456,114,000 after buying an additional 648,801 shares during the period. Holocene Advisors LP bought a new position in iShares Russell 2000 ETF in the second quarter valued at approximately $1,230,003,000. Finally, Laurel Wealth Advisors LLC boosted its stake in iShares Russell 2000 ETF by 22,037.5% in the second quarter. Laurel Wealth Advisors LLC now owns 2,865,477 shares of the exchange traded fund’s stock valued at $618,341,000 after acquiring an additional 2,852,533 shares during 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.