Royal Fund Management LLC Invests $7.47 Million in iShares Russell 2000 Value ETF $IWN

Royal Fund Management LLC purchased a new stake in iShares Russell 2000 Value ETF (NYSEARCA:IWN) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 39,407 shares of the company’s stock, valued at approximately $7,471,000. Royal Fund Management LLC owned approximately 0.06% of iShares Russell 2000 Value ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of IWN. Brady Martz Wealth Solutions LLC raised its position in 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 worth $3,259,000 after acquiring an additional 53 shares during the period. Valmark Advisers Inc. grew its position in shares of iShares Russell 2000 Value ETF by 2.3% in the first quarter. Valmark Advisers Inc. now owns 2,424 shares of the company’s stock valued at $460,000 after purchasing an additional 55 shares during the period. Cedar Mountain Advisors LLC increased its stake in shares of iShares Russell 2000 Value ETF by 17.9% during the first quarter. Cedar Mountain Advisors LLC now owns 369 shares of the company’s stock worth $70,000 after purchasing an additional 56 shares in the last quarter. Eight 31 Financial LLC increased its stake in shares of iShares Russell 2000 Value ETF by 3.5% during the fourth quarter. Eight 31 Financial LLC now owns 1,667 shares of the company’s stock worth $302,000 after purchasing an additional 56 shares in the last quarter. Finally, Stegner Investment Associates Inc. increased its stake in shares of 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 purchasing an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 74.70% of the company’s stock.

iShares Russell 2000 Value ETF Stock Down 1.1%

IWN opened at $221.60 on Thursday. The company has a market cap of $14.35 billion, a PE ratio of 14.35 and a beta of 1.01. iShares Russell 2000 Value ETF has a twelve month low of $155.54 and a twelve month high of $224.49. The company has a 50-day moving average price of $217.79 and a 200 day moving average price of $204.93.

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.