iShares Russell 2000 ETF (NYSEARCA:IWM) Reaches New 52-Week High – Here’s Why

iShares Russell 2000 ETF (NYSEARCA:IWM) shares reached a new 52-week high on Monday . The company traded as high as $298.70 and last traded at $298.38, with a volume of 2838916 shares. The stock had previously closed at $295.59.

iShares Russell 2000 ETF Stock Down 1.0%

The firm has a market capitalization of $82.01 billion, a price-to-earnings ratio of 17.69 and a beta of 1.11. The company’s fifty day moving average is $283.23 and its two-hundred day moving average is $265.77.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Investment Counsel Co. of Nevada acquired a new stake in shares of iShares Russell 2000 ETF during the third quarter worth $26,000. Acumen Wealth Advisors LLC bought a new stake in iShares Russell 2000 ETF in the fourth quarter valued at about $27,000. Measured Wealth Private Client Group LLC acquired a new position in iShares Russell 2000 ETF in the third quarter valued at about $28,000. Osbon Capital Management LLC acquired a new position in iShares Russell 2000 ETF in the fourth quarter valued at about $31,000. Finally, Columbia Asset Management bought a new position in iShares Russell 2000 ETF during the fourth quarter worth about $32,000.

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.