Brown Wealth Management LLC Buys 3,171 Shares of iShares Russell 2000 Value ETF $IWN

Brown Wealth Management LLC boosted its stake in shares of iShares Russell 2000 Value ETF (NYSEARCA:IWN) by 114.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,935 shares of the company’s stock after acquiring an additional 3,171 shares during the period. Brown Wealth Management LLC’s holdings in iShares Russell 2000 Value ETF were worth $936,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. First Command Advisory Services Inc. purchased a new position in shares of iShares Russell 2000 Value ETF during the second quarter valued at about $26,000. Marshall & Sullivan Inc. WA bought a new position in iShares Russell 2000 Value ETF during the second quarter valued at approximately $28,000. Avalon Trust Co purchased a new position in iShares Russell 2000 Value ETF during the 1st quarter valued at approximately $30,000. WPG Advisers LLC bought a new stake in iShares Russell 2000 Value ETF in the 1st quarter worth approximately $49,000. Finally, Trust Co. of Toledo NA OH purchased a new stake in shares of iShares Russell 2000 Value ETF during the 2nd quarter worth approximately $66,000. Hedge funds and other institutional investors own 74.70% of the company’s stock.

iShares Russell 2000 Value ETF Stock Performance

NYSEARCA IWN opened at $171.70 on Wednesday. The stock has a 50 day moving average price of $177.06 and a 200-day moving average price of $166.34. iShares Russell 2000 Value ETF has a one year low of $129.38 and a one year high of $183.51. The company has a market capitalization of $11.25 billion, a P/E ratio of 14.35 and a beta of 1.09.

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.