Ledyard National Bank Purchases New Stake in iShares Russell 2000 Value ETF (NYSEARCA:IWN)

Ledyard National Bank purchased a new stake in shares of iShares Russell 2000 Value ETF (NYSEARCA:IWN) in the third quarter, Holdings Channel reports. The firm purchased 1,253 shares of the company’s stock, valued at approximately $209,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Smith Thornton Advisors LLC bought a new position in shares of iShares Russell 2000 Value ETF in the 2nd quarter worth about $491,000. LRI Investments LLC bought a new position in shares of iShares Russell 2000 Value ETF in the 1st quarter worth about $118,000. Accel Wealth Management purchased a new stake in iShares Russell 2000 Value ETF during the 1st quarter valued at about $204,000. Wealth Alliance purchased a new stake in iShares Russell 2000 Value ETF during the 2nd quarter valued at about $275,000. Finally, Brookstone Capital Management grew its position in iShares Russell 2000 Value ETF by 2.1% during the 2nd quarter. Brookstone Capital Management now owns 38,696 shares of the company’s stock valued at $6,534,000 after purchasing an additional 787 shares during the last quarter.

iShares Russell 2000 Value ETF Stock Performance

Shares of IWN stock opened at $166.28 on Wednesday. iShares Russell 2000 Value ETF has a one year low of $124.97 and a one year high of $174.83. The company’s 50-day moving average is $164.82 and its 200 day moving average is $158.71. The company has a market capitalization of $12.72 billion, a price-to-earnings ratio of 10.79 and a beta of 1.17.

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.