iShares Russell 2000 ETF (NYSEARCA:IWM) Sets New 52-Week High – Time to Buy?

iShares Russell 2000 ETF (NYSEARCA:IWM)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $303.41 and last traded at $302.02, with a volume of 2630425 shares changing hands. The stock had previously closed at $300.99.

iShares Russell 2000 ETF Trading Up 0.1%

The stock’s 50-day simple moving average is $294.49 and its 200-day simple moving average is $275.98. The firm has a market capitalization of $82.96 billion, a P/E ratio of 17.69 and a beta of 1.11.

Hedge Funds Weigh In On iShares Russell 2000 ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in IWM. Acumen Wealth Advisors LLC bought a new position in iShares Russell 2000 ETF during the fourth quarter valued at $27,000. Measured Wealth Private Client Group LLC purchased a new position in shares of iShares Russell 2000 ETF during the 3rd quarter valued at $28,000. Osbon Capital Management LLC purchased a new position in iShares Russell 2000 ETF during the fourth quarter worth about $31,000. Columbia Asset Management bought a new position in shares of iShares Russell 2000 ETF in the fourth quarter worth approximately $32,000. Finally, Tower View Wealth Management LLC bought a new position in shares of iShares Russell 2000 ETF in the 1st quarter worth $32,000.

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.