iShares Russell 2000 Value ETF (NYSEARCA:IWN) Hits New 52-Week High – Still a Buy?

iShares Russell 2000 Value ETF (NYSEARCA:IWN)’s stock price hit a new 52-week high on Thursday . The company traded as high as $227.46 and last traded at $227.19, with a volume of 12995 shares. The stock had previously closed at $225.93.

iShares Russell 2000 Value ETF Stock Up 0.6%

The stock has a market cap of $14.70 billion, a price-to-earnings ratio of 14.35 and a beta of 1.02. The company’s 50-day simple moving average is $220.05 and its 200-day simple moving average is $207.05.

Hedge Funds Weigh In On iShares Russell 2000 Value ETF

A number of hedge funds have recently modified their holdings of IWN. Bank of America Corp DE boosted its position in shares of iShares Russell 2000 Value ETF by 6.7% in 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 during the period. D.A. Davidson & CO. raised its holdings in iShares Russell 2000 Value ETF by 2.2% during the 1st quarter. D.A. Davidson & CO. now owns 1,273,529 shares of the company’s stock worth $241,449,000 after buying an additional 27,187 shares during the period. LPL Financial LLC lifted its stake in iShares Russell 2000 Value ETF by 9.2% during the fourth quarter. LPL Financial LLC now owns 1,102,636 shares of the company’s stock valued at $199,809,000 after buying an additional 92,462 shares in the last quarter. M&T Bank Corp lifted its stake in iShares Russell 2000 Value ETF by 2.4% during the fourth quarter. M&T Bank Corp now owns 1,018,005 shares of the company’s stock valued at $184,472,000 after buying an additional 23,441 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of iShares Russell 2000 Value ETF by 14.7% in the fourth quarter. Wells Fargo & Company MN now owns 1,016,764 shares of the company’s stock worth $184,248,000 after buying an additional 130,498 shares during the period. 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.