iShares Russell 2000 ETF (NYSEARCA:IWM) Reaches New 52-Week High – Time to Buy?

Shares of iShares Russell 2000 ETF (NYSEARCA:IWM) reached a new 52-week high during trading on Wednesday . The stock traded as high as $303.41 and last traded at $302.02, with a volume of 2630425 shares. The stock had previously closed at $300.99.

iShares Russell 2000 ETF Stock Up 0.1%

The company has a fifty day moving average price of $294.49 and a 200 day moving average price of $275.98. The stock has a market cap of $82.96 billion, a PE ratio of 17.69 and a beta of 1.11.

Hedge Funds Weigh In On iShares Russell 2000 ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Acumen Wealth Advisors LLC bought a new position in iShares Russell 2000 ETF during the 4th quarter valued at approximately $27,000. Measured Wealth Private Client Group LLC purchased a new position in iShares Russell 2000 ETF during the 3rd quarter valued at about $28,000. Osbon Capital Management LLC bought a new stake in shares of iShares Russell 2000 ETF in the 4th quarter worth approximately $31,000. Columbia Asset Management purchased a new stake in shares of iShares Russell 2000 ETF in the fourth quarter worth $32,000. Finally, Tucker Asset Management LLC purchased a new stake in shares of iShares Russell 2000 ETF in the fourth quarter worth $32,000.

iShares Russell 2000 ETF Company Profile

iShares Russell 2000 ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Russell 2000 Index (the Index). The Index is a float-adjusted capitalization weighted index that measures the performance of the small-capitalization sector of the United States equity market and includes securities issued by the approximately 2,000 smallest issuers in the Russell 3000 Index. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.