MV Capital Management Inc. Invests $1.47 Million in iShares Russell 2000 Value ETF $IWN

MV Capital Management Inc. purchased a new stake in shares of iShares Russell 2000 Value ETF (NYSEARCA:IWN) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 8,104 shares of the company’s stock, valued at approximately $1,469,000.

Several other institutional investors also recently bought and sold shares of the stock. Vawter Financial Ltd. acquired a new position in shares of iShares Russell 2000 Value ETF in the 3rd quarter valued at $2,004,000. American Wealth Advisors LLC purchased a new position in iShares Russell 2000 Value ETF in the 3rd quarter valued at about $598,000. Confluence Investment Management LLC purchased a new position in shares of iShares Russell 2000 Value ETF in the fourth quarter valued at approximately $3,842,000. RPg Family Wealth Advisory LLC acquired a new position in iShares Russell 2000 Value ETF in the 3rd quarter valued at $1,672,000. Finally, Kelsey Financial LLC acquired a new position in iShares Russell 2000 Value ETF in the 4th quarter valued at $2,789,000. 74.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell 2000 Value ETF Stock Performance

Shares of IWN stock opened at $216.87 on Friday. The stock’s fifty day moving average is $209.35 and its two-hundred day moving average is $197.57. The firm has a market capitalization of $14.01 billion, a P/E ratio of 14.35 and a beta of 1.02. iShares Russell 2000 Value ETF has a fifty-two week low of $152.07 and a fifty-two week high of $220.35.

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.