Summit Wealth Group LLC Co. Invests $519,000 in iShares Russell 2000 Value ETF $IWN

Summit Wealth Group LLC Co. purchased a new position in shares of iShares Russell 2000 Value ETF (NYSEARCA:IWN) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 2,862 shares of the company’s stock, valued at approximately $519,000.

Several other institutional investors and hedge funds have also modified their holdings of IWN. American Wealth Advisors LLC bought a new stake in shares of iShares Russell 2000 Value ETF during the 3rd quarter valued at $598,000. Confluence Investment Management LLC bought a new stake in shares of iShares Russell 2000 Value ETF during the 4th quarter valued at $3,842,000. Vawter Financial Ltd. bought a new stake in shares of iShares Russell 2000 Value ETF during the 3rd quarter valued at $2,004,000. Facet Wealth Inc. raised its position in shares of iShares Russell 2000 Value ETF by 5.0% during the 3rd quarter. Facet Wealth Inc. now owns 206,734 shares of the company’s stock valued at $36,553,000 after purchasing an additional 9,868 shares during the period. Finally, CIBC Bancorp USA Inc. bought a new stake in shares of iShares Russell 2000 Value ETF during the 3rd quarter valued at $9,403,000. Hedge funds and other institutional investors own 74.70% of the company’s stock.

iShares Russell 2000 Value ETF Price Performance

Shares of IWN stock opened at $209.24 on Thursday. The company has a market capitalization of $13.52 billion, a price-to-earnings ratio of 14.35 and a beta of 1.02. iShares Russell 2000 Value ETF has a one year low of $146.90 and a one year high of $213.19. The company’s fifty day moving average price is $197.64 and its 200-day moving average price is $191.02.

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.