iShares Russell 2000 Value ETF (NYSEARCA:IWN) Sets New 52-Week High – Time to Buy?

iShares Russell 2000 Value ETF (NYSEARCA:IWN) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $224.56 and last traded at $224.45, with a volume of 149764 shares. The stock had previously closed at $221.24.

iShares Russell 2000 Value ETF Price Performance

The company’s fifty day moving average price is $218.23 and its 200 day moving average price is $205.36. The company has a market cap of $14.49 billion, a PE ratio of 14.35 and a beta of 1.01.

Institutional Investors Weigh In On iShares Russell 2000 Value ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hsbc Holdings PLC increased its holdings in iShares Russell 2000 Value ETF by 1,784.5% in the 1st quarter. Hsbc Holdings PLC now owns 859,009 shares of the company’s stock worth $162,860,000 after acquiring an additional 813,425 shares during the last quarter. Bank of America Corp DE lifted its holdings in iShares Russell 2000 Value ETF by 6.7% during the second 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 during the last quarter. BNP Paribas Financial Markets boosted its position in iShares Russell 2000 Value ETF by 99.4% during 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 during the period. Wells Fargo & Company MN boosted its position in iShares Russell 2000 Value ETF by 14.7% during the fourth quarter. Wells Fargo & Company MN now owns 1,016,764 shares of the company’s stock worth $184,248,000 after purchasing an additional 130,498 shares during the period. Finally, Advisors Preferred LLC increased its stake in shares of iShares Russell 2000 Value ETF by 189.6% in the fourth quarter. Advisors Preferred LLC now owns 183,323 shares of the company’s stock worth $33,524,000 after purchasing an additional 120,027 shares in the last quarter. Hedge funds and other 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.