iShares Russell 2000 Value ETF (NYSEARCA:IWN) Sets New 1-Year High – What’s Next?

iShares Russell 2000 Value ETF (NYSEARCA:IWN)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $200.91 and last traded at $200.31, with a volume of 757886 shares trading hands. The stock had previously closed at $194.82.

iShares Russell 2000 Value ETF Stock Performance

The company has a market cap of $12.86 billion, a price-to-earnings ratio of 14.35 and a beta of 1.09. The firm’s 50-day moving average price is $188.77 and its 200 day moving average price is $178.66.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC lifted its stake in iShares Russell 2000 Value ETF by 2.6% in the fourth quarter. Brighton Jones LLC now owns 3,623 shares of the company’s stock valued at $595,000 after buying an additional 91 shares during the period. Rhumbline Advisers raised its position in shares of iShares Russell 2000 Value ETF by 50.8% in the 1st quarter. Rhumbline Advisers now owns 1,205 shares of the company’s stock valued at $182,000 after acquiring an additional 406 shares during the period. DAVENPORT & Co LLC raised its position in shares of iShares Russell 2000 Value ETF by 73.7% in the 2nd quarter. DAVENPORT & Co LLC now owns 2,751 shares of the company’s stock valued at $434,000 after acquiring an additional 1,167 shares during the period. Valmark Advisers Inc. boosted its stake in iShares Russell 2000 Value ETF by 58.7% during the 2nd quarter. Valmark Advisers Inc. now owns 2,395 shares of the company’s stock worth $378,000 after acquiring an additional 886 shares during the last quarter. Finally, Eagle Strategies LLC grew its holdings in iShares Russell 2000 Value ETF by 11.0% during the second quarter. Eagle Strategies LLC now owns 3,749 shares of the company’s stock valued at $591,000 after purchasing an additional 372 shares during the period. 74.70% of the stock is currently owned by 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.