iShares Russell 2000 ETF (NYSEARCA:IWM) Reaches New 52-Week High – What’s Next?

iShares Russell 2000 ETF (NYSEARCA:IWM) shares reached a new 52-week high during trading on Monday . The stock traded as high as $298.70 and last traded at $298.38, with a volume of 2838916 shares traded. The stock had previously closed at $295.59.

iShares Russell 2000 ETF Price Performance

The firm has a market capitalization of $82.55 billion, a price-to-earnings ratio of 17.69 and a beta of 1.11. The stock has a 50 day moving average price of $281.83 and a two-hundred day moving average price of $265.07.

Hedge Funds Weigh In On iShares Russell 2000 ETF

Several institutional investors have recently bought and sold shares of IWM. NWK Group Inc. raised its holdings in shares of iShares Russell 2000 ETF by 1.1% in the 1st quarter. NWK Group Inc. now owns 3,279 shares of the exchange traded fund’s stock valued at $813,000 after buying an additional 36 shares during the period. LGL Partners LLC boosted its holdings in iShares Russell 2000 ETF by 0.3% during the 4th quarter. LGL Partners LLC now owns 11,916 shares of the exchange traded fund’s stock valued at $2,933,000 after acquiring an additional 38 shares during the period. Measured Risk Portfolios Inc. boosted its holdings in iShares Russell 2000 ETF by 1.7% during the 1st quarter. Measured Risk Portfolios Inc. now owns 2,304 shares of the exchange traded fund’s stock valued at $571,000 after acquiring an additional 38 shares during the period. Vision Retirement LLC grew its position in iShares Russell 2000 ETF by 3.9% in the 1st quarter. Vision Retirement LLC now owns 1,032 shares of the exchange traded fund’s stock valued at $256,000 after acquiring an additional 39 shares in the last quarter. Finally, Rinkey Investments grew its position in iShares Russell 2000 ETF by 2.7% in the 4th quarter. Rinkey Investments now owns 1,526 shares of the exchange traded fund’s stock valued at $376,000 after acquiring an additional 40 shares in the last quarter.

About iShares Russell 2000 ETF

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.