iShares Russell 2000 Value ETF (NYSEARCA:IWN) Sets New 12-Month High – Here’s Why

iShares Russell 2000 Value ETF (NYSEARCA:IWN)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $196.75 and last traded at $195.75, with a volume of 129462 shares trading hands. The stock had previously closed at $192.81.

iShares Russell 2000 Value ETF Price Performance

The firm’s fifty day moving average price is $185.06 and its 200-day moving average price is $176.69. The company has a market capitalization of $12.67 billion, a price-to-earnings ratio of 14.35 and a beta of 1.09.

Institutional Trading of iShares Russell 2000 Value ETF

Hedge funds have recently made changes to their positions in the company. TIAA Trust National Association raised its position in shares of iShares Russell 2000 Value ETF by 62.5% in the 3rd quarter. TIAA Trust National Association now owns 4,343,822 shares of the company’s stock worth $767,246,000 after acquiring an additional 1,671,191 shares in the last quarter. Bank of America Corp DE boosted its position in shares of iShares Russell 2000 Value ETF by 6.7% during the 2nd quarter. Bank of America Corp DE now owns 6,753,830 shares of the company’s stock valued at $1,065,484,000 after purchasing an additional 422,172 shares in the last quarter. Zions Bancorporation National Association UT grew its stake in iShares Russell 2000 Value ETF by 2,421.9% during the second quarter. Zions Bancorporation National Association UT now owns 269,486 shares of the company’s stock worth $42,514,000 after purchasing an additional 258,800 shares during the period. BNP Paribas Financial Markets increased its holdings in iShares Russell 2000 Value ETF by 99.4% in the second quarter. BNP Paribas Financial Markets now owns 508,278 shares of the company’s stock worth $80,186,000 after purchasing an additional 253,326 shares in the last quarter. Finally, Laurel Wealth Advisors LLC increased its holdings in iShares Russell 2000 Value ETF by 15,292.5% in the second quarter. Laurel Wealth Advisors LLC now owns 239,046 shares of the company’s stock worth $37,712,000 after purchasing an additional 237,493 shares in the last quarter. 74.70% of the stock is owned by institutional investors and hedge funds.

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.