iShares Russell 2000 Value ETF (NYSEARCA:IWN) Sees Unusually-High Trading Volume – Here’s Why

Shares of iShares Russell 2000 Value ETF (NYSEARCA:IWN) saw strong trading volume on Tuesday. 564,424 shares changed hands during trading, a decline of 18% from the previous session’s volume of 691,850 shares. The stock last traded at $211.4670 and had previously closed at $211.80.

iShares Russell 2000 Value ETF Stock Down 0.8%

The firm has a market capitalization of $13.81 billion, a PE ratio of 14.35 and a beta of 1.01. The stock’s fifty day simple moving average is $221.77 and its 200 day simple moving average is $212.52.

Institutional Investors Weigh In On iShares Russell 2000 Value ETF

Several hedge funds and other institutional investors have recently modified their holdings of IWN. Hsbc Holdings PLC increased its holdings in iShares Russell 2000 Value ETF by 1,784.5% in the 1st quarter. Hsbc Holdings PLC now owns 859,009 shares of the company’s stock valued at $162,860,000 after acquiring an additional 813,425 shares during the last quarter. Wellington Management Group LLP lifted its stake in iShares Russell 2000 Value ETF by 138.7% in the 2nd quarter. Wellington Management Group LLP now owns 325,490 shares of the company’s stock worth $71,998,000 after purchasing an additional 189,108 shares in the last quarter. Arax Advisory Partners bought a new position in shares of iShares Russell 2000 Value ETF during the 4th quarter valued at about $20,734,000. Fifth Third Bancorp grew its position in shares of iShares Russell 2000 Value ETF by 115.9% during the first quarter. Fifth Third Bancorp now owns 182,001 shares of the company’s stock valued at $34,506,000 after purchasing an additional 97,720 shares in the last quarter. Finally, Brown Advisory Inc. increased its holdings in shares of iShares Russell 2000 Value ETF by 49.8% in the fourth quarter. Brown Advisory Inc. now owns 281,324 shares of the company’s stock worth $50,979,000 after purchasing an additional 93,531 shares during the last quarter. 74.70% of the stock is currently owned by hedge funds and other institutional investors.

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.