iShares Russell 2000 ETF (NYSEARCA:IWM) Reaches New 12-Month High – Still a Buy?

iShares Russell 2000 ETF (NYSEARCA:IWM)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $262.89 and last traded at $261.35, with a volume of 33836370 shares. The stock had previously closed at $261.50.

iShares Russell 2000 ETF Price Performance

The stock’s 50 day simple moving average is $248.73 and its two-hundred day simple moving average is $239.05. The firm has a market cap of $77.12 billion, a P/E ratio of 17.69 and a beta of 1.13.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its position in iShares Russell 2000 ETF by 2.6% during the 4th quarter. Brighton Jones LLC now owns 87,732 shares of the exchange traded fund’s stock valued at $19,385,000 after purchasing an additional 2,221 shares during the last quarter. Revolve Wealth Partners LLC increased its position in shares of iShares Russell 2000 ETF by 13.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 12,233 shares of the exchange traded fund’s stock valued at $2,703,000 after acquiring an additional 1,431 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in iShares Russell 2000 ETF by 16.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,300 shares of the exchange traded fund’s stock worth $1,855,000 after acquiring an additional 1,300 shares during the last quarter. Fiduciary Alliance LLC lifted its position in iShares Russell 2000 ETF by 52.7% in the 2nd quarter. Fiduciary Alliance LLC now owns 3,628 shares of the exchange traded fund’s stock valued at $783,000 after acquiring an additional 1,252 shares in the last quarter. Finally, Balefire LLC bought a new position in iShares Russell 2000 ETF in the 2nd quarter valued at approximately $691,000.

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.