iShares Russell 2000 Value ETF (NYSEARCA:IWN) Hits New 1-Year High – Here’s Why

iShares Russell 2000 Value ETF (NYSEARCA:IWN)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $220.85 and last traded at $219.49, with a volume of 169686 shares traded. The stock had previously closed at $218.59.

iShares Russell 2000 Value ETF Price Performance

The firm has a market capitalization of $14.26 billion, a PE ratio of 14.35 and a beta of 1.02. The firm has a fifty day moving average price of $210.80 and a 200 day moving average price of $198.57.

Institutional Trading of iShares Russell 2000 Value ETF

Hedge funds have recently bought and sold shares of the company. Ransom Advisory Ltd purchased a new position in shares of iShares Russell 2000 Value ETF in the fourth quarter worth approximately $26,000. Operose Advisors LLC lifted its position in shares of iShares Russell 2000 Value ETF by 2,071.4% in the 4th quarter. Operose Advisors LLC now owns 152 shares of the company’s stock valued at $28,000 after acquiring an additional 145 shares in the last quarter. Strive Financial Group LLC purchased a new stake in shares of iShares Russell 2000 Value ETF in the 4th quarter valued at approximately $31,000. Bogart Wealth LLC boosted its stake in iShares Russell 2000 Value ETF by 219.3% in the 1st quarter. Bogart Wealth LLC now owns 182 shares of the company’s stock worth $35,000 after purchasing an additional 125 shares during the period. Finally, Nalls Sherbakoff Group LLC acquired a new position in iShares Russell 2000 Value ETF in the 4th quarter worth approximately $35,000. 74.70% of the stock is owned by hedge funds and other institutional investors.

iShares Russell 2000 Value ETF Company 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.