MMA Asset Management LLC Cuts Stock Position in iShares Russell 2000 Value ETF $IWN

MMA Asset Management LLC lessened its stake in iShares Russell 2000 Value ETF (NYSEARCA:IWN) by 73.9% in the 2nd quarter, Holdings Channel.com reports. The fund owned 8,352 shares of the company’s stock after selling 23,691 shares during the quarter. MMA Asset Management LLC’s holdings in iShares Russell 2000 Value ETF were worth $1,318,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Steph & Co. grew its holdings in shares of iShares Russell 2000 Value ETF by 8.5% during the second quarter. Steph & Co. now owns 2,181 shares of the company’s stock worth $344,000 after buying an additional 171 shares in the last quarter. Avalon Trust Co purchased a new stake in shares of iShares Russell 2000 Value ETF during the first quarter worth $30,000. ST Germain D J Co. Inc. grew its holdings in shares of iShares Russell 2000 Value ETF by 39.9% during the second quarter. ST Germain D J Co. Inc. now owns 2,976 shares of the company’s stock worth $469,000 after buying an additional 849 shares in the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of iShares Russell 2000 Value ETF by 18.3% during the first quarter. Integrated Wealth Concepts LLC now owns 9,780 shares of the company’s stock worth $1,477,000 after buying an additional 1,514 shares in the last quarter. Finally, Cloud Capital Management LLC purchased a new stake in shares of iShares Russell 2000 Value ETF during the first quarter worth $38,000. Hedge funds and other institutional investors own 74.70% of the company’s stock.

iShares Russell 2000 Value ETF Trading Up 0.2%

Shares of IWN stock opened at $177.13 on Monday. The company’s 50-day moving average price is $176.79 and its 200-day moving average price is $163.65. The stock has a market cap of $11.72 billion, a price-to-earnings ratio of 14.35 and a beta of 1.09. iShares Russell 2000 Value ETF has a twelve month low of $129.38 and a twelve month high of $183.51.

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.