iShares Russell 2000 Value ETF (NYSEARCA:IWN) Sets New 1-Year High – What’s Next?

iShares Russell 2000 Value ETF (NYSEARCA:IWN) shares reached a new 52-week high during trading on Monday . The stock traded as high as $224.56 and last traded at $224.45, with a volume of 149764 shares. The stock had previously closed at $221.24.

iShares Russell 2000 Value ETF Stock Performance

The firm has a market capitalization of $14.49 billion, a PE ratio of 14.35 and a beta of 1.01. The business’s 50 day moving average is $218.23 and its two-hundred day moving average is $205.36.

Hedge Funds Weigh In On iShares Russell 2000 Value ETF

A number of large investors have recently made changes to their positions in the stock. Money Concepts Capital Corp bought a new stake in iShares Russell 2000 Value ETF during the 1st quarter worth approximately $1,020,000. Kelsey Financial LLC purchased a new stake in iShares Russell 2000 Value ETF in the 4th quarter worth approximately $2,789,000. Strategic Wealth Advisors LLC bought a new position in iShares Russell 2000 Value ETF in the 4th quarter valued at $469,000. Summit Wealth Group LLC Co. bought a new position in iShares Russell 2000 Value ETF in the 4th quarter valued at $519,000. Finally, First Horizon Corp grew its position in shares of iShares Russell 2000 Value ETF by 6.9% during the 1st quarter. First Horizon Corp now owns 58,451 shares of the company’s stock valued at $11,082,000 after purchasing an additional 3,773 shares in the last quarter. 74.70% of the stock is owned by institutional investors.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.