iShares Russell 2000 Value ETF (NYSEARCA:IWN) Hits New 12-Month High – Should You Buy?

iShares Russell 2000 Value ETF (NYSEARCA:IWN) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $220.85 and last traded at $219.49, with a volume of 169686 shares changing hands. The stock had previously closed at $218.59.

iShares Russell 2000 Value ETF Stock Up 1.0%

The firm has a market cap of $14.26 billion, a price-to-earnings ratio of 14.35 and a beta of 1.02. The company has a 50-day moving average price of $210.80 and a 200 day moving average price of $198.57.

Institutional Investors Weigh In On iShares Russell 2000 Value ETF

Hedge funds have recently bought and sold shares of the business. Ransom Advisory Ltd purchased a new position in iShares Russell 2000 Value ETF during the 4th quarter valued at about $26,000. Operose Advisors LLC lifted its position in shares of iShares Russell 2000 Value ETF by 2,071.4% in the fourth quarter. Operose Advisors LLC now owns 152 shares of the company’s stock worth $28,000 after purchasing an additional 145 shares in the last quarter. Strive Financial Group LLC acquired a new stake in shares of iShares Russell 2000 Value ETF during the fourth quarter worth approximately $31,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of iShares Russell 2000 Value ETF during the fourth quarter worth approximately $35,000. Finally, Bogart Wealth LLC boosted its holdings in shares of iShares Russell 2000 Value ETF by 219.3% during the first quarter. Bogart Wealth LLC now owns 182 shares of the company’s stock worth $35,000 after purchasing an additional 125 shares during the period. 74.70% of the stock is owned by hedge funds and other institutional investors.

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.