P Schoenfeld Asset Management LP Invests $4.98 Million in iShares Russell 2000 Value ETF $IWN

P Schoenfeld Asset Management LP acquired a new position in iShares Russell 2000 Value ETF (NYSEARCA:IWN) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 27,500 shares of the company’s stock, valued at approximately $4,983,000. iShares Russell 2000 Value ETF accounts for 1.8% of P Schoenfeld Asset Management LP’s portfolio, making the stock its 16th biggest holding.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in IWN. TIAA Trust National Association increased its stake in shares of iShares Russell 2000 Value ETF by 62.5% in the third quarter. TIAA Trust National Association now owns 4,343,822 shares of the company’s stock worth $767,246,000 after acquiring an additional 1,671,191 shares during the period. Bank of America Corp DE boosted its holdings in iShares Russell 2000 Value ETF by 6.7% during the second quarter. Bank of America Corp DE now owns 6,753,830 shares of the company’s stock worth $1,065,484,000 after buying an additional 422,172 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in iShares Russell 2000 Value ETF by 99.4% during the second quarter. BNP Paribas Financial Markets now owns 508,278 shares of the company’s stock worth $80,186,000 after buying an additional 253,326 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in iShares Russell 2000 Value ETF by 14.7% during the fourth quarter. Wells Fargo & Company MN now owns 1,016,764 shares of the company’s stock worth $184,248,000 after buying an additional 130,498 shares in the last quarter. Finally, Advisors Preferred LLC boosted its holdings in iShares Russell 2000 Value ETF by 189.6% during the fourth quarter. Advisors Preferred LLC now owns 183,323 shares of the company’s stock worth $33,524,000 after buying an additional 120,027 shares in the last quarter. Institutional investors and hedge funds own 74.70% of the company’s stock.

iShares Russell 2000 Value ETF Stock Performance

Shares of NYSEARCA IWN opened at $218.33 on Monday. The company’s fifty day moving average price is $207.48 and its 200 day moving average price is $196.59. iShares Russell 2000 Value ETF has a 1 year low of $152.07 and a 1 year high of $219.77. The company has a market capitalization of $14.10 billion, a PE ratio of 14.35 and a beta of 1.02.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.