Smithbridge Asset Management Inc. DE Lowers Holdings in iShares Russell 2000 Value ETF $IWN

Smithbridge Asset Management Inc. DE cut its holdings in iShares Russell 2000 Value ETF (NYSEARCA:IWN) by 50.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,153 shares of the company’s stock after selling 3,153 shares during the period. Smithbridge Asset Management Inc. DE’s holdings in iShares Russell 2000 Value ETF were worth $598,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in shares of 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 acquiring an additional 422,172 shares during the last quarter. D.A. Davidson & CO. increased its holdings in iShares Russell 2000 Value ETF by 2.5% in the 4th quarter. D.A. Davidson & CO. now owns 1,246,342 shares of the company’s stock valued at $225,850,000 after acquiring an additional 30,282 shares during the last quarter. LPL Financial LLC increased its holdings in iShares Russell 2000 Value ETF by 9.2% in the 4th quarter. LPL Financial LLC now owns 1,102,636 shares of the company’s stock valued at $199,809,000 after acquiring an additional 92,462 shares during the last quarter. M&T Bank Corp lifted its stake in iShares Russell 2000 Value ETF by 2.4% in the 4th quarter. M&T Bank Corp now owns 1,018,005 shares of the company’s stock worth $184,472,000 after purchasing an additional 23,441 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in iShares Russell 2000 Value ETF by 14.7% in the 4th quarter. Wells Fargo & Company MN now owns 1,016,764 shares of the company’s stock worth $184,248,000 after purchasing an additional 130,498 shares in the last quarter. 74.70% of the stock is currently owned by institutional investors.

iShares Russell 2000 Value ETF Stock Up 0.2%

IWN opened at $221.71 on Thursday. The company has a market capitalization of $14.56 billion, a PE ratio of 14.35 and a beta of 1.01. The firm has a 50-day simple moving average of $212.51 and a two-hundred day simple moving average of $199.82. iShares Russell 2000 Value ETF has a 52 week low of $155.54 and a 52 week high of $223.59.

iShares Russell 2000 Value ETF 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.