iShares Russell 2000 Value ETF (NYSEARCA:IWN) Shares Break Above 50 Day Moving Average – Here’s What Happened

iShares Russell 2000 Value ETF (NYSEARCA:IWN) shares passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $214.65 and traded as high as $217.04. iShares Russell 2000 Value ETF shares last traded at $215.91, with a volume of 584,023 shares traded.

iShares Russell 2000 Value ETF Trading Up 0.4%

The firm has a market capitalization of $14.18 billion, a P/E ratio of 13.79 and a beta of 1.04. The business’s fifty day moving average is $214.43 and its 200 day moving average is $210.13.

Institutional Investors Weigh In On iShares Russell 2000 Value ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Private Advisor Group LLC grew its stake in shares of iShares Russell 2000 Value ETF by 42.1% in the third quarter. Private Advisor Group LLC now owns 37,788 shares of the company’s stock worth $7,915,000 after acquiring an additional 11,198 shares during the last quarter. Maxele Advisors LLC raised its stake in iShares Russell 2000 Value ETF by 2.0% during the 3rd quarter. Maxele Advisors LLC now owns 5,545 shares of the company’s stock valued at $1,161,000 after purchasing an additional 111 shares during the last quarter. Ieq Capital LLC raised its stake in iShares Russell 2000 Value ETF by 2.1% during the 3rd quarter. Ieq Capital LLC now owns 8,145 shares of the company’s stock valued at $1,706,000 after purchasing an additional 168 shares during the last quarter. BHK Investment Advisors LLC boosted its holdings in iShares Russell 2000 Value ETF by 1.2% in the 3rd quarter. BHK Investment Advisors LLC now owns 13,173 shares of the company’s stock valued at $2,759,000 after purchasing an additional 152 shares during the period. Finally, Wrapmanager Inc. acquired a new position in iShares Russell 2000 Value ETF in the 3rd quarter valued at approximately $205,000. Institutional investors and hedge funds own 74.70% of the company’s stock.

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.