iShares Russell 2000 Value ETF (NYSEARCA:IWN) Reaches New 52-Week High – Here’s What Happened

iShares Russell 2000 Value ETF (NYSEARCA:IWN)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $182.85 and last traded at $182.5650, with a volume of 283304 shares changing hands. The stock had previously closed at $180.29.

iShares Russell 2000 Value ETF Price Performance

The stock has a market capitalization of $12.04 billion, a price-to-earnings ratio of 14.35 and a beta of 1.09. The stock has a 50-day moving average of $177.62 and a 200 day moving average of $168.44.

Hedge Funds Weigh In On iShares Russell 2000 Value ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE lifted its stake in shares of iShares Russell 2000 Value ETF by 6.7% in the 2nd quarter. Bank of America Corp DE now owns 6,753,830 shares of the company’s stock valued at $1,065,484,000 after purchasing an additional 422,172 shares during the period. TIAA Trust National Association increased its holdings in iShares Russell 2000 Value ETF by 62.5% in the third quarter. TIAA Trust National Association now owns 4,343,822 shares of the company’s stock valued at $767,246,000 after purchasing an additional 1,671,191 shares during the last quarter. Alaska Permanent Fund Corp lifted its stake in iShares Russell 2000 Value ETF by 94.9% in the first quarter. Alaska Permanent Fund Corp now owns 2,402,269 shares of the company’s stock valued at $347,849,000 after buying an additional 1,169,735 shares during the period. Envestnet Asset Management Inc. lifted its stake in iShares Russell 2000 Value ETF by 5.1% in the third quarter. Envestnet Asset Management Inc. now owns 2,148,592 shares of the company’s stock valued at $379,892,000 after buying an additional 104,838 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in iShares Russell 2000 Value ETF by 4.5% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,290,410 shares of the company’s stock worth $203,575,000 after buying an additional 55,950 shares during the last quarter. 74.70% of the stock is owned by institutional investors.

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.