Northwestern Mutual Wealth Management Co. Raises Stake in iShares Russell 2000 Value ETF $IWN

Northwestern Mutual Wealth Management Co. boosted its stake in iShares Russell 2000 Value ETF (NYSEARCA:IWN) by 15.6% in the 2nd quarter, Holdings Channel reports. The firm owned 75,271 shares of the company’s stock after acquiring an additional 10,157 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in iShares Russell 2000 Value ETF were worth $16,650,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Valmark Advisers Inc. increased its position in shares of iShares Russell 2000 Value ETF by 2.3% during the first quarter. Valmark Advisers Inc. now owns 2,424 shares of the company’s stock valued at $460,000 after buying an additional 55 shares during the period. Cedar Mountain Advisors LLC grew its stake in iShares Russell 2000 Value ETF by 17.9% during the first quarter. Cedar Mountain Advisors LLC now owns 369 shares of the company’s stock valued at $70,000 after acquiring an additional 56 shares in the last quarter. Eight 31 Financial LLC increased its holdings in iShares Russell 2000 Value ETF by 3.5% during the 4th quarter. Eight 31 Financial LLC now owns 1,667 shares of the company’s stock worth $302,000 after acquiring an additional 56 shares during the period. Guidance Point Advisors LLC lifted its stake in iShares Russell 2000 Value ETF by 1.4% in the 4th quarter. Guidance Point Advisors LLC now owns 4,632 shares of the company’s stock worth $840,000 after purchasing an additional 62 shares in the last quarter. Finally, Investment Partners LTD. boosted its holdings in iShares Russell 2000 Value ETF by 0.4% in the 4th quarter. Investment Partners LTD. now owns 17,633 shares of the company’s stock valued at $3,195,000 after purchasing an additional 63 shares during the period. Hedge funds and other institutional investors own 74.70% of the company’s stock.

iShares Russell 2000 Value ETF Price Performance

IWN opened at $223.04 on Thursday. The firm has a market capitalization of $14.42 billion, a P/E ratio of 14.35 and a beta of 1.02. iShares Russell 2000 Value ETF has a one year low of $168.75 and a one year high of $227.86. The company has a fifty day moving average price of $222.79 and a 200-day moving average price of $209.92.

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.