Pennington Partners & CO. LLC Purchases New Position in iShares Russell 2000 Value ETF $IWN

Pennington Partners & CO. LLC purchased a new stake in shares of iShares Russell 2000 Value ETF (NYSEARCA:IWN) in the first quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,679 shares of the company’s stock, valued at approximately $508,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Operose Advisors LLC raised its stake in shares of iShares Russell 2000 Value ETF by 2,071.4% in the fourth quarter. Operose Advisors LLC now owns 152 shares of the company’s stock worth $28,000 after purchasing an additional 145 shares during the last quarter. Strive Financial Group LLC bought a new position in shares of iShares Russell 2000 Value ETF in the fourth quarter valued at approximately $31,000. Bogart Wealth LLC boosted its position in shares of iShares Russell 2000 Value ETF by 219.3% during the first quarter. Bogart Wealth LLC now owns 182 shares of the company’s stock valued at $35,000 after buying an additional 125 shares during the last quarter. Nalls Sherbakoff Group LLC purchased a new position in shares of iShares Russell 2000 Value ETF during the fourth quarter valued at approximately $35,000. Finally, Eagle Bay Advisors LLC bought a new stake in iShares Russell 2000 Value ETF during the fourth quarter worth $37,000. 74.70% of the stock is owned by institutional investors.

iShares Russell 2000 Value ETF Trading Up 0.4%

Shares of iShares Russell 2000 Value ETF stock opened at $221.42 on Friday. The company has a market capitalization of $14.36 billion, a P/E ratio of 14.35 and a beta of 1.01. The stock has a fifty day simple moving average of $216.81 and a 200 day simple moving average of $204.08. iShares Russell 2000 Value ETF has a 12-month low of $155.54 and a 12-month high of $224.42.

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.