Meridian Financial Partners LLC Purchases New Stake in iShares Russell 2000 Value ETF (NYSEARCA:IWN)

Meridian Financial Partners LLC purchased a new stake in shares of iShares Russell 2000 Value ETF (NYSEARCA:IWN) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 1,246 shares of the company’s stock, valued at approximately $205,000.

Other institutional investors also recently bought and sold shares of the company. Alaska Permanent Fund Corp raised its stake in shares of iShares Russell 2000 Value ETF by 66.4% in the 3rd quarter. Alaska Permanent Fund Corp now owns 1,414,873 shares of the company’s stock valued at $236,029,000 after acquiring an additional 564,826 shares during the period. Starboard Value LP raised its position in iShares Russell 2000 Value ETF by 5.9% in the third quarter. Starboard Value LP now owns 1,355,000 shares of the company’s stock valued at $226,041,000 after purchasing an additional 75,000 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of iShares Russell 2000 Value ETF by 0.6% during the third quarter. PNC Financial Services Group Inc. now owns 1,199,444 shares of the company’s stock worth $200,091,000 after purchasing an additional 6,684 shares in the last quarter. M&T Bank Corp boosted its position in shares of iShares Russell 2000 Value ETF by 20.6% in the third quarter. M&T Bank Corp now owns 1,154,299 shares of the company’s stock worth $192,560,000 after buying an additional 196,988 shares during the period. Finally, D.A. Davidson & CO. grew its stake in shares of iShares Russell 2000 Value ETF by 1.5% in the third quarter. D.A. Davidson & CO. now owns 1,049,996 shares of the company’s stock valued at $175,160,000 after buying an additional 15,867 shares in the last quarter.

iShares Russell 2000 Value ETF Stock Performance

iShares Russell 2000 Value ETF stock opened at $163.21 on Wednesday. iShares Russell 2000 Value ETF has a one year low of $144.20 and a one year high of $183.51. The stock’s 50 day moving average price is $171.73 and its 200 day moving average price is $166.33. The firm has a market capitalization of $12.49 billion, a PE ratio of 10.79 and a beta of 1.17.

iShares Russell 2000 Value ETF Company Profile

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.