iShares Russell 2000 Value ETF (NYSEARCA:IWN) Stock Price Cross Above 50-Day Moving Average – Time to Sell?

iShares Russell 2000 Value ETF (NYSEARCA:IWN)’s share price crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $216.00 and traded as high as $217.33. iShares Russell 2000 Value ETF shares last traded at $216.88, with a volume of 597,510 shares trading hands.

iShares Russell 2000 Value ETF Stock Performance

The company has a 50-day moving average price of $216.00 and a 200-day moving average price of $209.24. The firm has a market capitalization of $14.14 billion, a P/E ratio of 14.35 and a beta of 1.04.

Hedge Funds Weigh In On iShares Russell 2000 Value ETF

Several hedge funds have recently added to or reduced their stakes in IWN. D.A. Davidson & CO. grew its position in shares of iShares Russell 2000 Value ETF by 0.6% during the 3rd quarter. D.A. Davidson & CO. now owns 1,289,398 shares of the company’s stock worth $270,065,000 after buying an additional 7,873 shares during the period. Hsbc Holdings PLC increased its stake in shares of iShares Russell 2000 Value ETF by 0.4% in the 2nd quarter. Hsbc Holdings PLC now owns 862,739 shares of the company’s stock valued at $190,838,000 after acquiring an additional 3,730 shares during the last quarter. Cassaday & Co Wealth Management LLC increased its stake in shares of iShares Russell 2000 Value ETF by 1.4% in the 1st quarter. Cassaday & Co Wealth Management LLC now owns 644,789 shares of the company’s stock valued at $122,246,000 after acquiring an additional 9,139 shares during the last quarter. Royal Bank of Canada raised its position in shares of iShares Russell 2000 Value ETF by 3.9% in the 1st quarter. Royal Bank of Canada now owns 553,944 shares of the company’s stock valued at $105,024,000 after acquiring an additional 20,655 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of iShares Russell 2000 Value ETF by 138.7% in the 2nd quarter. Wellington Management Group LLP now owns 325,490 shares of the company’s stock valued at $71,998,000 after acquiring an additional 189,108 shares during the period. Institutional investors and hedge funds own 74.70% of the company’s stock.

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.