iShares Russell 2000 Value ETF (NYSEARCA:IWN) Sets New 12-Month High – Time to Buy?

Shares of iShares Russell 2000 Value ETF (NYSEARCA:IWN) hit a new 52-week high during trading on Tuesday . The company traded as high as $224.44 and last traded at $224.32, with a volume of 623041 shares traded. The stock had previously closed at $222.16.

iShares Russell 2000 Value ETF Price Performance

The stock’s 50-day moving average price is $217.79 and its 200 day moving average price is $204.93. The firm has a market capitalization of $14.34 billion, a PE ratio of 14.35 and a beta of 1.01.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of IWN. Brighton Jones LLC increased its stake in shares of iShares Russell 2000 Value ETF by 2.6% during 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 grew its holdings in iShares Russell 2000 Value ETF by 50.8% during the 1st quarter. Rhumbline Advisers now owns 1,205 shares of the company’s stock worth $182,000 after acquiring an additional 406 shares in the last quarter. Gamco Investors INC. ET AL purchased a new position in iShares Russell 2000 Value ETF during the 2nd quarter valued at about $723,000. Qube Research & Technologies Ltd increased its position in iShares Russell 2000 Value ETF by 571.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 10,368 shares of the company’s stock valued at $1,636,000 after purchasing an additional 8,825 shares during the period. Finally, Sei Investments Co. raised its holdings in shares of iShares Russell 2000 Value ETF by 19.7% in the 2nd quarter. Sei Investments Co. now owns 285,170 shares of the company’s stock valued at $44,990,000 after purchasing an additional 46,837 shares in 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.