iShares Russell 2000 Value ETF (NYSEARCA:IWN) Reaches New 1-Year High – Time to Buy?

Shares of iShares Russell 2000 Value ETF (NYSEARCA:IWN) reached a new 52-week high on Monday . The company traded as high as $181.76 and last traded at $181.47, with a volume of 22881 shares trading hands. The stock had previously closed at $178.55.

iShares Russell 2000 Value ETF Trading Down 0.9 %

The stock has a 50 day moving average of $169.33 and a 200-day moving average of $162.32. The company has a market capitalization of $13.75 billion, a P/E ratio of 10.79 and a beta of 1.17.

Hedge Funds Weigh In On iShares Russell 2000 Value ETF

A number of hedge funds have recently modified their holdings of IWN. Mitchell Sinkler & Starr PA purchased a new position in shares of iShares Russell 2000 Value ETF in the second quarter valued at about $25,000. Lynx Investment Advisory purchased a new position in iShares Russell 2000 Value ETF in the 2nd quarter worth approximately $26,000. Barrett & Company Inc. lifted its holdings in iShares Russell 2000 Value ETF by 67.4% in the 3rd quarter. Barrett & Company Inc. now owns 159 shares of the company’s stock worth $27,000 after purchasing an additional 64 shares in the last quarter. Loomis Sayles & Co. L P bought a new position in iShares Russell 2000 Value ETF in the 3rd quarter worth approximately $29,000. Finally, Richardson Financial Services Inc. grew its holdings in iShares Russell 2000 Value ETF by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 190 shares of the company’s stock valued at $30,000 after buying an additional 95 shares in the last quarter.

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.