Zhang Financial LLC Sells 4,412 Shares of iShares Russell 2000 Value ETF (NYSEARCA:IWN)

Zhang Financial LLC cut its holdings in iShares Russell 2000 Value ETF (NYSEARCA:IWN) by 3.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 112,708 shares of the company’s stock after selling 4,412 shares during the period. iShares Russell 2000 Value ETF makes up approximately 1.5% of Zhang Financial LLC’s portfolio, making the stock its 17th biggest position. Zhang Financial LLC owned approximately 0.14% of iShares Russell 2000 Value ETF worth $17,507,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rhumbline Advisers increased its holdings in iShares Russell 2000 Value ETF by 34.5% during the 1st quarter. Rhumbline Advisers now owns 7,142 shares of the company’s stock worth $1,153,000 after purchasing an additional 1,832 shares in the last quarter. BlackRock Inc. increased its holdings in iShares Russell 2000 Value ETF by 84.4% during the 1st quarter. BlackRock Inc. now owns 426,907 shares of the company’s stock worth $68,903,000 after purchasing an additional 195,401 shares in the last quarter. Blair William & Co. IL increased its holdings in iShares Russell 2000 Value ETF by 30.0% during the 1st quarter. Blair William & Co. IL now owns 45,501 shares of the company’s stock worth $7,344,000 after purchasing an additional 10,492 shares in the last quarter. Baird Financial Group Inc. increased its holdings in iShares Russell 2000 Value ETF by 10.5% during the 1st quarter. Baird Financial Group Inc. now owns 103,271 shares of the company’s stock worth $16,668,000 after purchasing an additional 9,771 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in iShares Russell 2000 Value ETF by 2.4% during the 1st quarter. NewEdge Advisors LLC now owns 36,906 shares of the company’s stock worth $5,957,000 after purchasing an additional 862 shares in the last quarter.

iShares Russell 2000 Value ETF Stock Performance

IWN traded up $0.86 during midday trading on Friday, reaching $147.19. 1,522,964 shares of the company were exchanged, compared to its average volume of 1,323,429. The company’s fifty day moving average price is $152.81 and its 200 day moving average price is $145.88. The company has a market cap of $11.61 billion, a price-to-earnings ratio of 10.81 and a beta of 1.18. iShares Russell 2000 Value ETF has a one year low of $124.97 and a one year high of $159.81.

iShares Russell 2000 Value ETF 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.