iShares Russell 2000 Value ETF (NYSEARCA:IWN) Hits New 12-Month High – Here’s What Happened

iShares Russell 2000 Value ETF (NYSEARCA:IWN)’s share price hit a new 52-week high on Thursday . The stock traded as high as $212.90 and last traded at $212.76, with a volume of 738445 shares trading hands. The stock had previously closed at $209.61.

iShares Russell 2000 Value ETF Trading Up 0.7%

The company has a market cap of $13.67 billion, a price-to-earnings ratio of 14.35 and a beta of 1.02. The business has a fifty day moving average of $196.75 and a two-hundred day moving average of $190.14.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Bank of America Corp DE increased its holdings in 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 worth $1,065,484,000 after acquiring an additional 422,172 shares in the last quarter. TIAA Trust National Association lifted its holdings in iShares Russell 2000 Value ETF by 62.5% during 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 in the last quarter. Envestnet Asset Management Inc. grew its position in shares of 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 purchasing an additional 104,838 shares during the period. D.A. Davidson & CO. grew its position in shares of iShares Russell 2000 Value ETF by 2.2% in the first quarter. D.A. Davidson & CO. now owns 1,273,529 shares of the company’s stock valued at $241,449,000 after purchasing an additional 27,187 shares during the period. Finally, LPL Financial LLC increased its stake in shares of iShares Russell 2000 Value ETF by 9.2% during the fourth 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. 74.70% of the stock is owned by institutional investors and hedge funds.

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.