iShares Russell 2000 Value ETF (NYSEARCA:IWN) Hits New 52-Week High – Here’s Why

iShares Russell 2000 Value ETF (NYSEARCA:IWN)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $224.04 and last traded at $223.74, with a volume of 50869 shares changing hands. The stock had previously closed at $221.29.

iShares Russell 2000 Value ETF Stock Performance

The business has a 50-day simple moving average of $215.57 and a 200 day simple moving average of $202.70. The firm has a market cap of $14.44 billion, a P/E ratio of 14.35 and a beta of 1.01.

Hedge Funds Weigh In On iShares Russell 2000 Value ETF

Several hedge funds have recently made changes to their positions in the business. Brighton Jones LLC boosted its holdings in iShares Russell 2000 Value ETF by 2.6% in the fourth quarter. Brighton Jones LLC now owns 3,623 shares of the company’s stock valued at $595,000 after acquiring an additional 91 shares in the last quarter. Rhumbline Advisers raised its holdings in iShares Russell 2000 Value ETF by 50.8% in the 1st quarter. Rhumbline Advisers now owns 1,205 shares of the company’s stock worth $182,000 after purchasing an additional 406 shares in the last quarter. Gamco Investors INC. ET AL bought a new position in iShares Russell 2000 Value ETF in the 2nd quarter worth $723,000. Qube Research & Technologies Ltd lifted its position in shares of iShares Russell 2000 Value ETF by 571.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 10,368 shares of the company’s stock worth $1,636,000 after purchasing an additional 8,825 shares during the period. Finally, Sei Investments Co. lifted its position in shares of iShares Russell 2000 Value ETF by 19.7% in the 2nd quarter. Sei Investments Co. now owns 285,170 shares of the company’s stock worth $44,990,000 after purchasing an additional 46,837 shares during the period. 74.70% of the stock is owned by hedge funds and other institutional investors.

About iShares Russell 2000 Value ETF

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.