iShares Russell 2000 ETF (NYSEARCA:IWM) Hits New 1-Year High – Still a Buy?

iShares Russell 2000 ETF (NYSEARCA:IWM)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $289.33 and last traded at $289.18, with a volume of 2746836 shares changing hands. The stock had previously closed at $285.12.

iShares Russell 2000 ETF Trading Up 1.3%

The stock has a market capitalization of $80.20 billion, a P/E ratio of 17.69 and a beta of 1.11. The company’s 50-day moving average is $266.19 and its two-hundred day moving average is $258.48.

Hedge Funds Weigh In On iShares Russell 2000 ETF

Several large investors have recently bought and sold shares of the stock. Axiom Investment Management LLC acquired a new stake in shares of iShares Russell 2000 ETF during the first quarter worth approximately $40,000. Independent Wealth Advisors LLC boosted its holdings in shares of iShares Russell 2000 ETF by 5.6% during the first quarter. Independent Wealth Advisors LLC now owns 2,790 shares of the exchange traded fund’s stock worth $692,000 after purchasing an additional 148 shares during the period. GKV Capital Management Co. Inc. acquired a new stake in shares of iShares Russell 2000 ETF during the first quarter worth approximately $53,000. Front Row Advisors LLC boosted its holdings in shares of iShares Russell 2000 ETF by 6.3% during the first quarter. Front Row Advisors LLC now owns 932 shares of the exchange traded fund’s stock worth $231,000 after purchasing an additional 55 shares during the period. Finally, Western Wealth Management LLC boosted its holdings in shares of iShares Russell 2000 ETF by 47.9% during the first quarter. Western Wealth Management LLC now owns 16,969 shares of the exchange traded fund’s stock worth $4,208,000 after purchasing an additional 5,497 shares during the period.

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.