iShares Russell 2000 Value ETF (NYSEARCA:IWN) Reaches New 52-Week High – Here’s Why

iShares Russell 2000 Value ETF (NYSEARCA:IWN)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $192.79 and last traded at $191.86, with a volume of 960900 shares. The stock had previously closed at $191.61.

iShares Russell 2000 Value ETF Stock Performance

The firm has a market capitalization of $12.73 billion, a P/E ratio of 14.35 and a beta of 1.09. The stock has a fifty day moving average price of $181.94 and a two-hundred day moving average price of $175.02.

Hedge Funds Weigh In On iShares Russell 2000 Value ETF

Large investors have recently bought and sold shares of the business. Bank of America Corp DE grew its position in shares of iShares Russell 2000 Value ETF by 6.7% during the second 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 during the last quarter. TIAA Trust National Association grew its position in iShares Russell 2000 Value ETF by 62.5% in 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 during the last quarter. Envestnet Asset Management Inc. increased its stake 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. Vaughan Nelson Investment Management L.P. raised its holdings in shares of iShares Russell 2000 Value ETF by 4.5% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,290,410 shares of the company’s stock valued at $203,575,000 after buying an additional 55,950 shares during the last quarter. Finally, D.A. Davidson & CO. raised its holdings in shares of iShares Russell 2000 Value ETF by 2.7% during the third quarter. D.A. Davidson & CO. now owns 1,216,060 shares of the company’s stock valued at $215,012,000 after buying an additional 31,609 shares during the last quarter. Institutional investors 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.