iShares Russell 2000 Value ETF (NYSEARCA:IWN) Hits New 52-Week High – Here’s Why

iShares Russell 2000 Value ETF (NYSEARCA:IWN)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $190.47 and last traded at $190.2080, with a volume of 355171 shares trading hands. The stock had previously closed at $187.32.

iShares Russell 2000 Value ETF Stock Up 1.4%

The company has a market capitalization of $12.86 billion, a P/E ratio of 14.35 and a beta of 1.09. The business has a 50 day simple moving average of $180.77 and a 200-day simple moving average of $173.93.

Institutional Trading of iShares Russell 2000 Value ETF

A number of hedge funds and other institutional investors have recently modified their holdings of IWN. Ransom Advisory Ltd purchased a new position in iShares Russell 2000 Value ETF in the 4th quarter worth about $26,000. First Command Advisory Services Inc. acquired a new position in iShares Russell 2000 Value ETF in the 2nd quarter worth approximately $26,000. Marshall & Sullivan Inc. WA purchased a new position in iShares Russell 2000 Value ETF during the 2nd quarter worth approximately $28,000. Cloud Capital Management LLC purchased a new stake in shares of iShares Russell 2000 Value ETF in the third quarter valued at $45,000. Finally, Root Financial Partners LLC purchased a new position in shares of iShares Russell 2000 Value ETF during the third quarter valued at $53,000. Institutional investors own 74.70% of the company’s stock.

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.