PNC Financial Services Group Inc. Acquires 20,081 Shares of iShares Russell 2000 Value ETF (NYSEARCA:IWN)

PNC Financial Services Group Inc. boosted its holdings in iShares Russell 2000 Value ETF (NYSEARCA:IWN) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,219,525 shares of the company’s stock after purchasing an additional 20,081 shares during the period. PNC Financial Services Group Inc. owned about 1.59% of iShares Russell 2000 Value ETF worth $200,209,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in IWN. Mesirow Financial Investment Management Inc. grew its holdings in shares of iShares Russell 2000 Value ETF by 9.8% in the 4th quarter. Mesirow Financial Investment Management Inc. now owns 2,558 shares of the company’s stock valued at $420,000 after acquiring an additional 228 shares in the last quarter. Destination Wealth Management bought a new position in iShares Russell 2000 Value ETF in the fourth quarter valued at approximately $212,000. Ashton Thomas Private Wealth LLC grew its stake in iShares Russell 2000 Value ETF by 6.1% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 3,343 shares of the company’s stock valued at $549,000 after purchasing an additional 193 shares in the last quarter. Vestmark Advisory Solutions Inc. bought a new position in iShares Russell 2000 Value ETF in the fourth quarter valued at approximately $378,000. Finally, Pinnacle Wealth Planning Services Inc. bought a new position in iShares Russell 2000 Value ETF in the fourth quarter valued at approximately $259,000.

iShares Russell 2000 Value ETF Trading Up 0.4 %

NYSEARCA:IWN opened at $155.51 on Friday. The firm has a fifty day simple moving average of $164.67 and a 200 day simple moving average of $167.47. iShares Russell 2000 Value ETF has a 1-year low of $145.71 and a 1-year high of $183.51. The stock has a market capitalization of $11.43 billion, a PE ratio of 14.54 and a beta of 1.17.

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.