iShares Russell 2000 Value ETF (NYSEARCA:IWN) Sees Strong Trading Volume – Should You Buy?

iShares Russell 2000 Value ETF (NYSEARCA:IWN) saw unusually-strong trading volume on Tuesday . Approximately 899,158 shares traded hands during mid-day trading, a decline of 13% from the previous session’s volume of 1,030,518 shares.The stock last traded at $155.67 and had previously closed at $156.36.

iShares Russell 2000 Value ETF Stock Performance

The stock has a fifty day moving average of $161.94 and a 200 day moving average of $166.46. The company has a market capitalization of $11.30 billion, a PE ratio of 13.99 and a beta of 1.18.

Hedge Funds Weigh In On iShares Russell 2000 Value ETF

Hedge funds have recently modified their holdings of the stock. Crews Bank & Trust bought a new stake in iShares Russell 2000 Value ETF in the 4th quarter worth approximately $25,000. FPC Investment Advisory Inc. bought a new stake in iShares Russell 2000 Value ETF in the fourth quarter worth $25,000. Hoese & Co LLP bought a new position in iShares Russell 2000 Value ETF during the fourth quarter valued at $26,000. Financial Life Planners bought a new position in iShares Russell 2000 Value ETF during the fourth quarter valued at $26,000. Finally, Menard Financial Group LLC purchased a new position in shares of iShares Russell 2000 Value ETF in the 4th quarter worth $27,000.

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.