MMA Asset Management LLC Decreases Stake in iShares Russell 2000 Value ETF $IWN

MMA Asset Management LLC reduced its stake in shares of iShares Russell 2000 Value ETF (NYSEARCA:IWN) by 38.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 5,145 shares of the company’s stock after selling 3,207 shares during the quarter. MMA Asset Management LLC’s holdings in iShares Russell 2000 Value ETF were worth $910,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. First Command Advisory Services Inc. acquired a new stake in iShares Russell 2000 Value ETF during the 2nd quarter worth about $26,000. Cloud Capital Management LLC acquired a new position in shares of iShares Russell 2000 Value ETF in the third quarter valued at about $45,000. Root Financial Partners LLC purchased a new position in shares of iShares Russell 2000 Value ETF in the third quarter worth about $53,000. Cedar Mountain Advisors LLC lifted its holdings in shares of iShares Russell 2000 Value ETF by 222.7% during the third quarter. Cedar Mountain Advisors LLC now owns 313 shares of the company’s stock worth $55,000 after purchasing an additional 216 shares during the period. Finally, Semmax Financial Advisors Inc. lifted its holdings in shares of iShares Russell 2000 Value ETF by 73.0% during the second quarter. Semmax Financial Advisors Inc. now owns 391 shares of the company’s stock worth $63,000 after purchasing an additional 165 shares during the period. 74.70% of the stock is owned by institutional investors and hedge funds.

iShares Russell 2000 Value ETF Trading Up 2.8%

Shares of NYSEARCA:IWN opened at $200.31 on Friday. iShares Russell 2000 Value ETF has a twelve month low of $129.38 and a twelve month high of $200.91. The company’s 50 day moving average is $189.13 and its 200 day moving average is $178.91. The company has a market cap of $12.86 billion, a PE ratio of 14.35 and a beta of 1.09.

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.