iShares Russell 2000 ETF (NYSEARCA:IWM) Reaches New 52-Week High – What’s Next?

Shares of iShares Russell 2000 ETF (NYSEARCA:IWM) hit a new 52-week high during trading on Monday . The stock traded as high as $298.70 and last traded at $298.38, with a volume of 2838916 shares changing hands. The stock had previously closed at $295.59.

iShares Russell 2000 ETF Price Performance

The company’s 50 day simple moving average is $281.83 and its 200 day simple moving average is $265.07. The firm has a market cap of $82.55 billion, a price-to-earnings ratio of 17.69 and a beta of 1.11.

Institutional Investors Weigh In On iShares Russell 2000 ETF

Several large investors have recently bought and sold shares of IWM. DSG Capital Advisors LLC acquired a new position in shares of iShares Russell 2000 ETF in the 4th quarter valued at about $1,354,000. Cobblestone Capital Advisors LLC NY raised its stake in iShares Russell 2000 ETF by 22.5% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 32,691 shares of the exchange traded fund’s stock worth $7,910,000 after acquiring an additional 6,002 shares during the period. Capstone Wealth Management Group LLC bought a new position in iShares Russell 2000 ETF in the third quarter worth about $6,291,000. Westwood Wealth Management bought a new position in iShares Russell 2000 ETF in the fourth quarter worth about $820,000. Finally, Citizens Business Bank boosted its stake in iShares Russell 2000 ETF by 15.9% in the third quarter. Citizens Business Bank now owns 39,714 shares of the exchange traded fund’s stock valued at $9,609,000 after acquiring an additional 5,456 shares during the period.

iShares Russell 2000 ETF Company Profile

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.