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

Shares of iShares Russell 2000 Value ETF (NYSEARCA:IWN) reached a new 52-week high on Wednesday . The company traded as high as $221.94 and last traded at $221.48, with a volume of 22629 shares. The stock had previously closed at $221.20.

iShares Russell 2000 Value ETF Price Performance

The stock has a market capitalization of $14.40 billion, a P/E ratio of 14.35 and a beta of 1.02. The firm has a 50 day moving average of $212.23 and a 200-day moving average of $199.59.

Institutional Trading of iShares Russell 2000 Value ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Brighton Jones LLC lifted its position in iShares Russell 2000 Value ETF by 2.6% in the fourth quarter. Brighton Jones LLC now owns 3,623 shares of the company’s stock worth $595,000 after purchasing an additional 91 shares during the period. Rhumbline Advisers raised its stake in shares of iShares Russell 2000 Value ETF by 50.8% in the 1st quarter. Rhumbline Advisers now owns 1,205 shares of the company’s stock valued at $182,000 after buying an additional 406 shares in the last quarter. Gamco Investors INC. ET AL bought a new position in shares of iShares Russell 2000 Value ETF during the 2nd quarter worth about $723,000. Qube Research & Technologies Ltd lifted its holdings in shares of iShares Russell 2000 Value ETF by 571.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 10,368 shares of the company’s stock worth $1,636,000 after acquiring an additional 8,825 shares during the period. Finally, Sei Investments Co. boosted its position in shares of iShares Russell 2000 Value ETF by 19.7% during the 2nd quarter. Sei Investments Co. now owns 285,170 shares of the company’s stock valued at $44,990,000 after acquiring an additional 46,837 shares in the last quarter. 74.70% of the stock is currently 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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.