NewEdge Advisors LLC Acquires 8,554 Shares of iShares Russell 2000 Value ETF $IWN

NewEdge Advisors LLC lifted its holdings in iShares Russell 2000 Value ETF (NYSEARCA:IWN) by 40.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 29,799 shares of the company’s stock after purchasing an additional 8,554 shares during the period. NewEdge Advisors LLC’s holdings in iShares Russell 2000 Value ETF were worth $5,649,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of IWN. Valmark Advisers Inc. grew its position in iShares Russell 2000 Value ETF by 2.3% in the 1st quarter. Valmark Advisers Inc. now owns 2,424 shares of the company’s stock valued at $460,000 after acquiring an additional 55 shares during the last quarter. Cedar Mountain Advisors LLC grew its holdings in shares of iShares Russell 2000 Value ETF by 17.9% in the first quarter. Cedar Mountain Advisors LLC now owns 369 shares of the company’s stock worth $70,000 after purchasing an additional 56 shares during the last quarter. Eight 31 Financial LLC grew its holdings in shares of iShares Russell 2000 Value ETF by 3.5% in the fourth quarter. Eight 31 Financial LLC now owns 1,667 shares of the company’s stock worth $302,000 after purchasing an additional 56 shares during the last quarter. Stegner Investment Associates Inc. increased its stake in iShares Russell 2000 Value ETF by 1.5% in the 4th quarter. Stegner Investment Associates Inc. now owns 3,919 shares of the company’s stock worth $710,000 after buying an additional 57 shares during the period. Finally, Carbahal Olsen Financial Services Group LLC increased its stake in iShares Russell 2000 Value ETF by 1.2% in the 4th quarter. Carbahal Olsen Financial Services Group LLC now owns 5,061 shares of the company’s stock worth $917,000 after buying an additional 60 shares during the period. 74.70% of the stock is owned by institutional investors.

iShares Russell 2000 Value ETF Price Performance

Shares of IWN opened at $224.97 on Wednesday. The firm has a market capitalization of $14.54 billion, a price-to-earnings ratio of 14.35 and a beta of 1.02. iShares Russell 2000 Value ETF has a 1-year low of $161.73 and a 1-year high of $227.31. The company has a 50-day moving average of $219.77 and a 200 day moving average of $206.86.

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.