iShares Russell 2000 ETF (NYSEARCA:IWM) Sets New 12-Month High – Still a Buy?

iShares Russell 2000 ETF (NYSEARCA:IWM) reached a new 52-week high during trading on Wednesday . The company traded as high as $268.59 and last traded at $267.37, with a volume of 49272958 shares. The stock had previously closed at $262.58.

iShares Russell 2000 ETF Stock Performance

The firm has a market capitalization of $78.41 billion, a PE ratio of 17.69 and a beta of 1.13. The business’s fifty day simple moving average is $250.02 and its 200-day simple moving average is $240.25.

Institutional Trading of iShares Russell 2000 ETF

A number of institutional investors and hedge funds have recently bought and sold shares of IWM. Capital Investment Advisory Services LLC lifted its stake in iShares Russell 2000 ETF by 29.0% in the 4th quarter. Capital Investment Advisory Services LLC now owns 37,151 shares of the exchange traded fund’s stock worth $9,145,000 after purchasing an additional 8,350 shares in the last quarter. McElhenny Sheffield Capital Management LLC grew its position in shares of iShares Russell 2000 ETF by 4,869.2% during the fourth quarter. McElhenny Sheffield Capital Management LLC now owns 76,923 shares of the exchange traded fund’s stock valued at $18,935,000 after purchasing an additional 75,375 shares in the last quarter. Prime Capital Investment Advisors LLC increased its holdings in shares of iShares Russell 2000 ETF by 9.3% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 27,967 shares of the exchange traded fund’s stock worth $6,884,000 after purchasing an additional 2,378 shares during the last quarter. Paladin Advisory Group LLC purchased a new stake in shares of iShares Russell 2000 ETF in the fourth quarter worth about $68,000. Finally, Capital Advisory Group Advisory Services LLC boosted its stake in iShares Russell 2000 ETF by 0.4% during the fourth quarter. Capital Advisory Group Advisory Services LLC now owns 18,116 shares of the exchange traded fund’s stock valued at $4,459,000 after buying an additional 71 shares during the last quarter.

iShares Russell 2000 ETF Company Profile

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.