iShares Russell 2000 Value ETF (NYSEARCA:IWN) Hits New 52-Week High – Still a Buy?

iShares Russell 2000 Value ETF (NYSEARCA:IWN) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $214.35 and last traded at $214.32, with a volume of 33467 shares. The stock had previously closed at $211.31.

iShares Russell 2000 Value ETF Price Performance

The stock has a market cap of $13.81 billion, a P/E ratio of 14.35 and a beta of 1.02. The business’s 50 day simple moving average is $200.20 and its 200 day simple moving average is $192.72.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE grew its position in shares of iShares Russell 2000 Value ETF by 6.7% during the 2nd quarter. Bank of America Corp DE now owns 6,753,830 shares of the company’s stock worth $1,065,484,000 after purchasing an additional 422,172 shares in the last quarter. TIAA Trust National Association grew its position in shares of iShares Russell 2000 Value ETF by 62.5% during the 3rd quarter. TIAA Trust National Association now owns 4,343,822 shares of the company’s stock worth $767,246,000 after purchasing an additional 1,671,191 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of iShares Russell 2000 Value ETF by 5.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,148,592 shares of the company’s stock worth $379,892,000 after purchasing an additional 104,838 shares in the last quarter. D.A. Davidson & CO. grew its position in shares of iShares Russell 2000 Value ETF by 2.2% during the 1st quarter. D.A. Davidson & CO. now owns 1,273,529 shares of the company’s stock worth $241,449,000 after purchasing an additional 27,187 shares in the last quarter. Finally, LPL Financial LLC grew its position in shares of iShares Russell 2000 Value ETF by 9.2% during the 4th quarter. LPL Financial LLC now owns 1,102,636 shares of the company’s stock worth $199,809,000 after purchasing an additional 92,462 shares in the last quarter. Institutional investors and hedge funds own 74.70% of the company’s stock.

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.