Principal Financial Group Inc. Grows Position in iShares Russell 2000 Value ETF $IWN

Principal Financial Group Inc. lifted its position in shares of iShares Russell 2000 Value ETF (NYSEARCA:IWN) by 40.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,667 shares of the company’s stock after purchasing an additional 14,870 shares during the quarter. Principal Financial Group Inc. owned about 0.08% of iShares Russell 2000 Value ETF worth $9,136,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in shares of iShares Russell 2000 Value ETF by 2.6% during the 4th quarter. Brighton Jones LLC now owns 3,623 shares of the company’s stock valued at $595,000 after buying an additional 91 shares in the last quarter. Rhumbline Advisers boosted its stake in iShares Russell 2000 Value ETF by 50.8% during the first quarter. Rhumbline Advisers now owns 1,205 shares of the company’s stock worth $182,000 after acquiring an additional 406 shares in the last quarter. CWM LLC grew its holdings in iShares Russell 2000 Value ETF by 6.4% in the second quarter. CWM LLC now owns 34,847 shares of the company’s stock worth $5,498,000 after purchasing an additional 2,103 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of iShares Russell 2000 Value ETF by 0.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 236,638 shares of the company’s stock valued at $37,332,000 after purchasing an additional 1,531 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in shares of iShares Russell 2000 Value ETF by 5.5% during the second quarter. Sequoia Financial Advisors LLC now owns 5,541 shares of the company’s stock valued at $874,000 after purchasing an additional 287 shares in the last quarter. 74.70% of the stock is owned by hedge funds and other institutional investors.

iShares Russell 2000 Value ETF Stock Performance

IWN stock opened at $197.17 on Friday. The firm has a 50 day moving average price of $190.54 and a 200-day moving average price of $179.85. iShares Russell 2000 Value ETF has a 52-week low of $129.38 and a 52-week high of $203.01. The firm has a market capitalization of $12.66 billion, a price-to-earnings ratio of 14.35 and a beta of 1.09.

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.