iShares Russell 2000 Value ETF $IWN Stock: Summa Corp. Raises Holdings

Summa Corp. raised its position in shares of iShares Russell 2000 Value ETF (NYSEARCA:IWN) by 986.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,113 shares of the company’s stock after acquiring an additional 12,814 shares during the period. iShares Russell 2000 Value ETF makes up approximately 0.6% of Summa Corp.’s investment portfolio, making the stock its 21st largest position. Summa Corp.’s holdings in iShares Russell 2000 Value ETF were worth $2,956,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in IWN. Magnus Financial Group LLC increased its stake in shares of iShares Russell 2000 Value ETF by 1.4% during the third quarter. Magnus Financial Group LLC now owns 3,525 shares of the company’s stock worth $738,000 after purchasing an additional 50 shares during the period. Diversified Management Inc. lifted its holdings in iShares Russell 2000 Value ETF by 3.8% during the 3rd quarter. Diversified Management Inc. now owns 1,464 shares of the company’s stock worth $307,000 after purchasing an additional 54 shares during the last quarter. Valmark Advisers Inc. lifted its holdings in iShares Russell 2000 Value ETF by 2.3% during the 1st quarter. Valmark Advisers Inc. now owns 2,424 shares of the company’s stock worth $460,000 after purchasing an additional 55 shares during the last quarter. Cedar Mountain Advisors LLC boosted its stake in iShares Russell 2000 Value ETF by 17.9% in the 1st quarter. Cedar Mountain Advisors LLC now owns 369 shares of the company’s stock valued at $70,000 after purchasing an additional 56 shares during the period. Finally, MCF Advisors LLC boosted its stake in iShares Russell 2000 Value ETF by 39.9% in the 2nd quarter. MCF Advisors LLC now owns 228 shares of the company’s stock valued at $50,000 after purchasing an additional 65 shares during the period. Institutional investors and hedge funds own 74.70% of the company’s stock.

iShares Russell 2000 Value ETF Price Performance

Shares of NYSEARCA IWN opened at $214.97 on Wednesday. The stock’s fifty day moving average price is $215.46 and its two-hundred day moving average price is $209.58. iShares Russell 2000 Value ETF has a one year low of $168.75 and a one year high of $227.86. The firm has a market cap of $14.10 billion, a price-to-earnings ratio of 13.79 and a beta of 1.04.

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.