iShares Russell 2000 Value ETF (NYSEARCA:IWN) Sets New 1-Year High – Here’s What Happened

iShares Russell 2000 Value ETF (NYSEARCA:IWN) shares reached a new 52-week high on Tuesday . The company traded as high as $214.35 and last traded at $214.32, with a volume of 33467 shares. The stock had previously closed at $211.31.

iShares Russell 2000 Value ETF Stock Performance

The company has a market cap of $13.88 billion, a P/E ratio of 14.35 and a beta of 1.02. The stock has a 50 day moving average price of $201.30 and a 200 day moving average price of $193.27.

Hedge Funds Weigh In On iShares Russell 2000 Value ETF

Hedge funds have recently modified their holdings of the stock. TIAA Trust National Association raised its holdings in iShares Russell 2000 Value ETF by 62.5% during the third quarter. TIAA Trust National Association now owns 4,343,822 shares of the company’s stock valued at $767,246,000 after buying an additional 1,671,191 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in iShares Russell 2000 Value ETF by 1,784.5% in the 1st quarter. Hsbc Holdings PLC now owns 859,009 shares of the company’s stock worth $162,860,000 after purchasing an additional 813,425 shares during the last quarter. Bank of America Corp DE boosted its position in iShares Russell 2000 Value ETF by 6.7% during the second quarter. Bank of America Corp DE now owns 6,753,830 shares of the company’s stock worth $1,065,484,000 after purchasing an additional 422,172 shares during the period. BNP Paribas Financial Markets boosted its position in iShares Russell 2000 Value ETF by 99.4% during the second quarter. BNP Paribas Financial Markets now owns 508,278 shares of the company’s stock worth $80,186,000 after purchasing an additional 253,326 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in shares of iShares Russell 2000 Value ETF by 14.7% in the fourth quarter. Wells Fargo & Company MN now owns 1,016,764 shares of the company’s stock worth $184,248,000 after buying an additional 130,498 shares during the last quarter. 74.70% of the stock is owned by institutional investors and hedge funds.

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.