Arax Advisory Partners Makes New $20.73 Million Investment in iShares Russell 2000 Value ETF $IWN

Arax Advisory Partners purchased a new position in shares of iShares Russell 2000 Value ETF (NYSEARCA:IWN) during the 4th quarter, HoldingsChannel reports. The firm purchased 114,420 shares of the company’s stock, valued at approximately $20,734,000.

Other large investors also recently bought and sold shares of the company. Vawter Financial Ltd. purchased a new stake in iShares Russell 2000 Value ETF during the 3rd quarter worth about $2,004,000. American Wealth Advisors LLC purchased a new stake in iShares Russell 2000 Value ETF during the 3rd quarter worth about $598,000. Confluence Investment Management LLC purchased a new stake in iShares Russell 2000 Value ETF during the 4th quarter worth about $3,842,000. RPg Family Wealth Advisory LLC purchased a new stake in iShares Russell 2000 Value ETF during the 3rd quarter worth about $1,672,000. Finally, CIBC Bancorp USA Inc. purchased a new stake in iShares Russell 2000 Value ETF during the 3rd quarter worth about $9,403,000. Hedge funds and other institutional investors own 74.70% of the company’s stock.

iShares Russell 2000 Value ETF Price Performance

Shares of NYSEARCA IWN opened at $218.33 on Friday. The stock’s 50-day moving average is $207.48 and its two-hundred day moving average is $196.45. iShares Russell 2000 Value ETF has a 1-year low of $152.07 and a 1-year high of $219.77. The company has a market cap of $14.10 billion, a price-to-earnings ratio of 14.35 and a beta of 1.02.

iShares Russell 2000 Value ETF Company 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.