iShares Russell 2000 Value ETF (NYSEARCA:IWN) Hits New 52-Week High – Should You Buy?

Shares of iShares Russell 2000 Value ETF (NYSEARCA:IWN) hit a new 52-week high during trading on Thursday . The company traded as high as $224.04 and last traded at $223.74, with a volume of 50869 shares trading hands. The stock had previously closed at $221.29.

iShares Russell 2000 Value ETF Trading Up 1.2%

The business’s fifty day simple moving average is $215.08 and its 200-day simple moving average is $202.29. The firm has a market cap of $14.53 billion, a P/E ratio of 14.35 and a beta of 1.01.

Institutional Trading of iShares Russell 2000 Value ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Money Concepts Capital Corp purchased a new stake in shares of iShares Russell 2000 Value ETF during the first quarter valued at approximately $1,020,000. Confluence Investment Management LLC bought a new stake in iShares Russell 2000 Value ETF during the 4th quarter valued at $3,842,000. Kelsey Financial LLC purchased a new stake in iShares Russell 2000 Value ETF during the 4th quarter valued at $2,789,000. Strategic Wealth Advisors LLC purchased a new stake in iShares Russell 2000 Value ETF during the 4th quarter valued at $469,000. Finally, CIBC Bancorp USA Inc. bought a new stake in iShares Russell 2000 Value ETF in the 3rd quarter worth $9,403,000. 74.70% of the stock is currently owned by institutional investors.

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