iShares Russell 2000 Value ETF (NYSEARCA:IWN) Sees Large Volume Increase – Here’s Why

iShares Russell 2000 Value ETF (NYSEARCA:IWN) saw unusually-strong trading volume on Tuesday. Approximately 564,424 shares were traded during mid-day trading, a decline of 18% from the previous session’s volume of 691,850 shares. The stock last traded at $211.4670 and had previously closed at $211.80.

iShares Russell 2000 Value ETF Price Performance

The stock’s 50 day simple moving average is $221.77 and its two-hundred day simple moving average is $212.52. The firm has a market cap of $13.81 billion, a P/E ratio of 14.35 and a beta of 1.01.

Institutional Trading of iShares Russell 2000 Value ETF

Several hedge funds and other institutional investors have recently made changes to their positions in IWN. D.A. Davidson & CO. boosted its position in iShares Russell 2000 Value ETF by 2.2% in the first quarter. D.A. Davidson & CO. now owns 1,273,529 shares of the company’s stock worth $241,449,000 after purchasing an additional 27,187 shares during the last quarter. LPL Financial LLC grew its stake in shares of iShares Russell 2000 Value ETF by 9.2% during the 4th quarter. LPL Financial LLC now owns 1,102,636 shares of the company’s stock valued at $199,809,000 after purchasing an additional 92,462 shares during the period. Hsbc Holdings PLC increased its position in shares of iShares Russell 2000 Value ETF by 0.4% during the 2nd quarter. Hsbc Holdings PLC now owns 862,739 shares of the company’s stock valued at $190,838,000 after purchasing an additional 3,730 shares during the last quarter. Cassaday & Co Wealth Management LLC increased its position in shares of iShares Russell 2000 Value ETF by 1.4% during the 1st quarter. Cassaday & Co Wealth Management LLC now owns 644,789 shares of the company’s stock valued at $122,246,000 after purchasing an additional 9,139 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of iShares Russell 2000 Value ETF by 3.9% during the 1st quarter. Royal Bank of Canada now owns 553,944 shares of the company’s stock valued at $105,024,000 after purchasing an additional 20,655 shares during the last quarter. Hedge funds and other institutional investors own 74.70% of the company’s stock.

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.