iShares Russell 2000 ETF (NYSEARCA:IWM) Hits New 1-Year High – Still a Buy?

iShares Russell 2000 ETF (NYSEARCA:IWM)’s share price hit a new 52-week high on Monday . The stock traded as high as $252.77 and last traded at $251.4430, with a volume of 4323060 shares changing hands. The stock had previously closed at $250.77.

iShares Russell 2000 ETF Stock Up 0.3%

The firm has a 50 day moving average price of $243.89 and a two-hundred day moving average price of $230.47. The company has a market capitalization of $69.66 billion, a price-to-earnings ratio of 17.69 and a beta of 1.13.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC lifted its stake in iShares Russell 2000 ETF by 18.5% in the second quarter. Farther Finance Advisors LLC now owns 28,093 shares of the exchange traded fund’s stock valued at $6,062,000 after buying an additional 4,381 shares during the last quarter. Alpha Cubed Investments LLC bought a new position in shares of iShares Russell 2000 ETF during the second quarter worth about $234,000. New England Private Wealth Advisors LLC increased its holdings in shares of iShares Russell 2000 ETF by 1.9% in the 2nd quarter. New England Private Wealth Advisors LLC now owns 29,016 shares of the exchange traded fund’s stock worth $6,429,000 after acquiring an additional 553 shares during the period. American National Bank & Trust lifted its position in iShares Russell 2000 ETF by 52.7% in the 2nd quarter. American National Bank & Trust now owns 11,874 shares of the exchange traded fund’s stock valued at $2,562,000 after purchasing an additional 4,098 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its position in iShares Russell 2000 ETF by 1.8% in the 2nd quarter. Avantax Advisory Services Inc. now owns 916,552 shares of the exchange traded fund’s stock valued at $197,783,000 after purchasing an additional 16,484 shares during 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.