SVB Wealth LLC Cuts Holdings in iShares Russell 2000 Value ETF $IWN

SVB Wealth LLC lowered its holdings in iShares Russell 2000 Value ETF (NYSEARCA:IWN) by 32.7% in the 3rd quarter, Holdings Channel reports. The firm owned 17,196 shares of the company’s stock after selling 8,339 shares during the period. SVB Wealth LLC’s holdings in iShares Russell 2000 Value ETF were worth $3,040,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Bank of America Corp DE lifted its stake in iShares Russell 2000 Value ETF by 6.7% during the 2nd quarter. Bank of America Corp DE now owns 6,753,830 shares of the company’s stock valued at $1,065,484,000 after acquiring an additional 422,172 shares during the period. Zions Bancorporation National Association UT boosted its holdings in iShares Russell 2000 Value ETF by 2,421.9% in the second quarter. Zions Bancorporation National Association UT now owns 269,486 shares of the company’s stock worth $42,514,000 after purchasing an additional 258,800 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of iShares Russell 2000 Value ETF by 99.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 508,278 shares of the company’s stock worth $80,186,000 after purchasing an additional 253,326 shares during the period. Laurel Wealth Advisors LLC boosted its stake in shares of iShares Russell 2000 Value ETF by 15,292.5% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 239,046 shares of the company’s stock worth $37,712,000 after acquiring an additional 237,493 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of iShares Russell 2000 Value ETF by 5.1% in the third quarter. Envestnet Asset Management Inc. now owns 2,148,592 shares of the company’s stock worth $379,892,000 after purchasing an additional 104,838 shares in the last quarter. 74.70% of the stock is currently owned by institutional investors.

iShares Russell 2000 Value ETF Stock Performance

IWN opened at $200.82 on Wednesday. The firm’s fifty day moving average is $189.94 and its 200 day moving average is $179.58. iShares Russell 2000 Value ETF has a fifty-two week low of $129.38 and a fifty-two week high of $202.15. The stock has a market cap of $12.89 billion, a price-to-earnings ratio of 14.35 and a beta of 1.09.

iShares Russell 2000 Value ETF 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.