Cornerstone Wealth Group LLC Purchases Shares of 3,921 iShares Russell 2000 Value ETF $IWN

Cornerstone Wealth Group LLC purchased a new stake in iShares Russell 2000 Value ETF (NYSEARCA:IWN) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,921 shares of the company’s stock, valued at approximately $805,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brady Martz Wealth Solutions LLC raised its position in shares of iShares Russell 2000 Value ETF by 0.3% during the fourth quarter. Brady Martz Wealth Solutions LLC now owns 17,982 shares of the company’s stock valued at $3,259,000 after buying an additional 53 shares during the last quarter. Eight 31 Financial LLC lifted its stake in shares of iShares Russell 2000 Value ETF by 3.5% in the fourth quarter. Eight 31 Financial LLC now owns 1,667 shares of the company’s stock valued at $302,000 after buying an additional 56 shares during the period. Stegner Investment Associates Inc. grew its position in iShares Russell 2000 Value ETF by 1.5% during the fourth quarter. Stegner Investment Associates Inc. now owns 3,919 shares of the company’s stock worth $710,000 after buying an additional 57 shares in the last quarter. Carbahal Olsen Financial Services Group LLC grew its position in iShares Russell 2000 Value ETF by 1.2% during the fourth quarter. Carbahal Olsen Financial Services Group LLC now owns 5,061 shares of the company’s stock worth $917,000 after buying an additional 60 shares in the last quarter. Finally, Friday Financial grew its position in iShares Russell 2000 Value ETF by 2.6% during the fourth quarter. Friday Financial now owns 2,443 shares of the company’s stock worth $443,000 after buying an additional 61 shares in the last quarter. 74.70% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell 2000 Value ETF Price Performance

Shares of IWN opened at $221.43 on Monday. The stock’s 50-day moving average price is $211.55 and its 200 day moving average price is $199.09. The firm has a market capitalization of $14.30 billion, a price-to-earnings ratio of 14.35 and a beta of 1.02. iShares Russell 2000 Value ETF has a 12-month low of $155.54 and a 12-month high of $221.94.

About iShares Russell 2000 Value ETF

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.