iShares Russell 2000 ETF (NYSEARCA:IWM) Hits New 12-Month High – Time to Buy?

iShares Russell 2000 ETF (NYSEARCA:IWM)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $302.79 and last traded at $301.82, with a volume of 1876991 shares trading hands. The stock had previously closed at $301.71.

iShares Russell 2000 ETF Stock Down 0.1%

The business’s 50-day simple moving average is $293.55 and its two-hundred day simple moving average is $274.76. The firm has a market capitalization of $82.96 billion, a price-to-earnings ratio of 17.69 and a beta of 1.11.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Acumen Wealth Advisors LLC purchased a new stake in iShares Russell 2000 ETF in the fourth quarter valued at $27,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of iShares Russell 2000 ETF during the third quarter worth about $28,000. Osbon Capital Management LLC acquired a new stake in shares of iShares Russell 2000 ETF during the fourth quarter worth about $31,000. Columbia Asset Management purchased a new stake in shares of iShares Russell 2000 ETF in the 4th quarter valued at about $32,000. Finally, Tucker Asset Management LLC purchased a new stake in shares of iShares Russell 2000 ETF in the 4th quarter valued at about $32,000.

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.