Meritage Portfolio Management Purchases New Holdings in iShares Russell 2000 Value ETF $IWN

Meritage Portfolio Management purchased a new position in shares of iShares Russell 2000 Value ETF (NYSEARCA:IWN) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 2,752 shares of the company’s stock, valued at approximately $487,000.

Several other large investors also recently made changes to their positions in the stock. Bank of America Corp DE increased 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 worth $1,065,484,000 after buying an additional 422,172 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its position in shares of iShares Russell 2000 Value ETF by 4.5% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,290,410 shares of the company’s stock valued at $203,575,000 after acquiring an additional 55,950 shares during the period. D.A. Davidson & CO. grew its position in shares of iShares Russell 2000 Value ETF by 2.7% in the 3rd quarter. D.A. Davidson & CO. now owns 1,216,060 shares of the company’s stock valued at $215,012,000 after acquiring an additional 31,609 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of iShares Russell 2000 Value ETF by 5.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 707,190 shares of the company’s stock worth $111,566,000 after purchasing an additional 34,397 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC raised its holdings in shares of iShares Russell 2000 Value ETF by 1.4% in the 2nd quarter. Cassaday & Co Wealth Management LLC now owns 616,743 shares of the company’s stock valued at $97,297,000 after purchasing an additional 8,667 shares during the period. Institutional investors and hedge funds own 74.70% of the company’s stock.

iShares Russell 2000 Value ETF Stock Performance

Shares of NYSEARCA:IWN opened at $195.47 on Friday. iShares Russell 2000 Value ETF has a 52-week low of $129.38 and a 52-week high of $196.45. The company has a market capitalization of $12.97 billion, a P/E ratio of 14.35 and a beta of 1.09. The company has a 50-day simple moving average of $182.70 and a 200 day simple moving average of $175.30.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.