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

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

iShares Russell 2000 ETF Stock Up 1.3%

The firm’s 50 day simple moving average is $266.19 and its 200-day simple moving average is $258.48. The company has a market capitalization of $80.20 billion, a PE ratio of 17.69 and a beta of 1.11.

Institutional Trading of iShares Russell 2000 ETF

Institutional investors have recently added to or reduced their stakes in the stock. NWK Group Inc. raised its holdings in shares of iShares Russell 2000 ETF by 1.1% during the first quarter. NWK Group Inc. now owns 3,279 shares of the exchange traded fund’s stock worth $813,000 after purchasing an additional 36 shares during the period. LGL Partners LLC raised its holdings in shares of iShares Russell 2000 ETF by 0.3% during the fourth quarter. LGL Partners LLC now owns 11,916 shares of the exchange traded fund’s stock worth $2,933,000 after purchasing an additional 38 shares during the period. Measured Risk Portfolios Inc. raised its holdings in shares of iShares Russell 2000 ETF by 1.7% during the first quarter. Measured Risk Portfolios Inc. now owns 2,304 shares of the exchange traded fund’s stock worth $571,000 after purchasing an additional 38 shares during the period. Vision Retirement LLC raised its holdings in shares of iShares Russell 2000 ETF by 3.9% during the first quarter. Vision Retirement LLC now owns 1,032 shares of the exchange traded fund’s stock worth $256,000 after purchasing an additional 39 shares during the period. Finally, Rinkey Investments raised its holdings in shares of iShares Russell 2000 ETF by 2.7% during the fourth quarter. Rinkey Investments now owns 1,526 shares of the exchange traded fund’s stock worth $376,000 after purchasing an additional 40 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.