Penobscot Investment Management Company Inc. Has $1.71 Million Holdings in iShares Russell 2000 Value ETF $IWN

Penobscot Investment Management Company Inc. decreased its position in iShares Russell 2000 Value ETF (NYSEARCA:IWN) by 7.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 10,838 shares of the company’s stock after selling 825 shares during the period. Penobscot Investment Management Company Inc.’s holdings in iShares Russell 2000 Value ETF were worth $1,710,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of IWN. Marshall & Sullivan Inc. WA acquired a new position in iShares Russell 2000 Value ETF in the second quarter valued at $28,000. Cedar Mountain Advisors LLC lifted its holdings in iShares Russell 2000 Value ETF by 138.6% in the first quarter. Cedar Mountain Advisors LLC now owns 198 shares of the company’s stock valued at $30,000 after buying an additional 115 shares during the period. Avalon Trust Co acquired a new position in iShares Russell 2000 Value ETF in the first quarter valued at $30,000. DHJJ Financial Advisors Ltd. lifted its holdings in iShares Russell 2000 Value ETF by 67.5% in the first quarter. DHJJ Financial Advisors Ltd. now owns 211 shares of the company’s stock valued at $32,000 after buying an additional 85 shares during the period. Finally, Capital Investment Advisory Services LLC increased its stake in iShares Russell 2000 Value ETF by 166.7% in the first quarter. Capital Investment Advisory Services LLC now owns 216 shares of the company’s stock valued at $33,000 after purchasing an additional 135 shares in the last quarter. Institutional investors and hedge funds own 74.70% of the company’s stock.

iShares Russell 2000 Value ETF Trading Up 0.8%

IWN opened at $179.44 on Friday. iShares Russell 2000 Value ETF has a 1-year low of $129.38 and a 1-year high of $183.51. The company has a market cap of $12.18 billion, a P/E ratio of 14.35 and a beta of 1.15. The company has a fifty day moving average price of $171.12 and a two-hundred day moving average price of $158.71.

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.