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

iShares Russell 2000 ETF (NYSEARCA:IWM) shares reached a new 52-week high on Thursday . The company traded as high as $287.05 and last traded at $286.80, with a volume of 23199757 shares. The stock had previously closed at $282.56.

iShares Russell 2000 ETF Price Performance

The stock’s 50 day simple moving average is $260.45 and its two-hundred day simple moving average is $255.52. The stock has a market cap of $78.91 billion, a price-to-earnings ratio of 17.69 and a beta of 1.11.

Institutional Investors Weigh In On iShares Russell 2000 ETF

A number of institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its holdings in iShares Russell 2000 ETF by 6.6% during the first quarter. PNC Financial Services Group Inc. now owns 3,187,467 shares of the exchange traded fund’s stock valued at $790,492,000 after purchasing an additional 197,189 shares in the last quarter. HORAN Wealth LLC boosted its holdings in iShares Russell 2000 ETF by 100.0% during the first quarter. HORAN Wealth LLC now owns 12,820 shares of the exchange traded fund’s stock valued at $3,161,000 after purchasing an additional 6,410 shares in the last quarter. Madison Asset Management LLC boosted its holdings in iShares Russell 2000 ETF by 3.0% during the first quarter. Madison Asset Management LLC now owns 5,855 shares of the exchange traded fund’s stock valued at $1,452,000 after purchasing an additional 169 shares in the last quarter. Summit Global Investments acquired a new stake in iShares Russell 2000 ETF during the first quarter valued at approximately $259,000. Finally, Cassaday & Co Wealth Management LLC boosted its holdings in iShares Russell 2000 ETF by 1.5% during the first quarter. Cassaday & Co Wealth Management LLC now owns 3,688 shares of the exchange traded fund’s stock valued at $915,000 after purchasing an additional 56 shares in the last quarter.

About iShares Russell 2000 ETF

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.