iShares Russell 2000 ETF (NYSEARCA:IWM) Hits New 52-Week High – Still a Buy?

iShares Russell 2000 ETF (NYSEARCA:IWM)’s share price hit a new 52-week high on Tuesday . The company traded as high as $289.33 and last traded at $289.18, with a volume of 2746836 shares. The stock had previously closed at $285.12.

iShares Russell 2000 ETF Trading Down 0.0%

The company has a market cap of $80.64 billion, a PE ratio of 17.69 and a beta of 1.11. The business has a 50 day simple moving average of $267.89 and a two-hundred day simple moving average of $259.15.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its stake in shares of iShares Russell 2000 ETF by 633.5% during the 4th quarter. Bank of America Corp DE now owns 43,751,735 shares of the exchange traded fund’s stock worth $10,769,927,000 after purchasing an additional 51,952,453 shares during the period. Rafferty Asset Management LLC lifted its stake in shares of iShares Russell 2000 ETF by 10.6% during the 2nd quarter. Rafferty Asset Management LLC now owns 6,747,829 shares of the exchange traded fund’s stock worth $1,456,114,000 after purchasing an additional 648,801 shares during the period. Northern Trust Corp lifted its stake in shares of iShares Russell 2000 ETF by 3.2% during the 4th quarter. Northern Trust Corp now owns 4,252,572 shares of the exchange traded fund’s stock worth $1,046,813,000 after purchasing an additional 130,667 shares during the period. HRT Financial LP lifted its stake in shares of iShares Russell 2000 ETF by 112.9% during the 4th quarter. HRT Financial LP now owns 4,119,165 shares of the exchange traded fund’s stock worth $1,013,973,000 after purchasing an additional 2,184,265 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of iShares Russell 2000 ETF by 6.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,187,467 shares of the exchange traded fund’s stock worth $790,492,000 after purchasing an additional 197,189 shares during the period.

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.