iShares Russell 2000 Value ETF (NYSEARCA:IWN) Sets New 1-Year High – What’s Next?

iShares Russell 2000 Value ETF (NYSEARCA:IWN)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $224.44 and last traded at $224.32, with a volume of 623041 shares changing hands. The stock had previously closed at $222.16.

iShares Russell 2000 Value ETF Stock Performance

The stock has a market capitalization of $14.50 billion, a price-to-earnings ratio of 14.35 and a beta of 1.01. The business’s 50 day simple moving average is $217.13 and its 200-day simple moving average is $204.45.

Hedge Funds Weigh In On iShares Russell 2000 Value ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Operose Advisors LLC grew its holdings in 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 buying an additional 145 shares in the last quarter. Strive Financial Group LLC bought a new stake in iShares Russell 2000 Value ETF during the 4th quarter valued at $31,000. Nalls Sherbakoff Group LLC bought a new stake in iShares Russell 2000 Value ETF during the 4th quarter valued at $35,000. Bogart Wealth LLC boosted its position in iShares Russell 2000 Value ETF by 219.3% during the 1st quarter. Bogart Wealth LLC now owns 182 shares of the company’s stock worth $35,000 after acquiring an additional 125 shares during the period. Finally, Eagle Bay Advisors LLC acquired a new position in iShares Russell 2000 Value ETF during the 4th quarter worth $37,000. 74.70% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell 2000 Value ETF Company Profile

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.