iShares Russell 2000 Value ETF (NYSEARCA:IWN) Reaches New 12-Month High – Here’s Why

Shares of iShares Russell 2000 Value ETF (NYSEARCA:IWN) reached a new 52-week high during trading on Monday . The company traded as high as $224.56 and last traded at $224.45, with a volume of 149764 shares trading hands. The stock had previously closed at $221.24.

iShares Russell 2000 Value ETF Stock Performance

The firm’s fifty day simple moving average is $218.74 and its 200 day simple moving average is $205.82. The stock has a market capitalization of $14.67 billion, a P/E ratio of 14.35 and a beta of 1.02.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Money Concepts Capital Corp bought a new position in shares of iShares Russell 2000 Value ETF in the first quarter worth about $1,020,000. Kelsey Financial LLC bought a new position in iShares Russell 2000 Value ETF in the 4th quarter valued at approximately $2,789,000. Strategic Wealth Advisors LLC acquired a new stake in iShares Russell 2000 Value ETF in the fourth quarter valued at approximately $469,000. Summit Wealth Group LLC Co. acquired a new stake in iShares Russell 2000 Value ETF in the fourth quarter valued at approximately $519,000. Finally, First Horizon Corp grew its stake in shares of iShares Russell 2000 Value ETF by 6.9% during the first quarter. First Horizon Corp now owns 58,451 shares of the company’s stock worth $11,082,000 after buying an additional 3,773 shares during the last quarter. 74.70% of the stock is owned by 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.