iShares Russell 2000 ETF (NYSEARCA:IWM) Hits New 1-Year High – Still a Buy?

Shares of iShares Russell 2000 ETF (NYSEARCA:IWM) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $302.31 and last traded at $301.58, with a volume of 4124931 shares. The stock had previously closed at $300.45.

iShares Russell 2000 ETF Price Performance

The firm has a market cap of $83.85 billion, a price-to-earnings ratio of 17.69 and a beta of 1.11. The stock has a 50-day moving average price of $286.15 and a 200 day moving average price of $267.43.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. NWK Group Inc. boosted its holdings in shares of iShares Russell 2000 ETF by 1.1% in the first quarter. NWK Group Inc. now owns 3,279 shares of the exchange traded fund’s stock valued at $813,000 after acquiring an additional 36 shares during the period. LGL Partners LLC increased its holdings in shares of iShares Russell 2000 ETF by 0.3% in the 4th quarter. LGL Partners LLC now owns 11,916 shares of the exchange traded fund’s stock valued at $2,933,000 after acquiring an additional 38 shares during the period. Measured Risk Portfolios Inc. increased its holdings in shares of iShares Russell 2000 ETF by 1.7% in the 1st quarter. Measured Risk Portfolios Inc. now owns 2,304 shares of the exchange traded fund’s stock valued at $571,000 after acquiring an additional 38 shares during the period. Vision Retirement LLC raised its position in iShares Russell 2000 ETF by 3.9% in the 1st quarter. Vision Retirement LLC now owns 1,032 shares of the exchange traded fund’s stock valued at $256,000 after purchasing an additional 39 shares during the last quarter. Finally, Rinkey Investments raised its position in iShares Russell 2000 ETF by 2.7% in the 4th quarter. Rinkey Investments now owns 1,526 shares of the exchange traded fund’s stock valued at $376,000 after purchasing an additional 40 shares during the last quarter.

About iShares Russell 2000 ETF

iShares Russell 2000 ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Russell 2000 Index (the Index). The Index is a float-adjusted capitalization weighted index that measures the performance of the small-capitalization sector of the United States equity market and includes securities issued by the approximately 2,000 smallest issuers in the Russell 3000 Index. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.