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

iShares Russell 2000 ETF (NYSEARCA:IWM) hit a new 52-week high on Wednesday . The stock traded as high as $303.41 and last traded at $302.02, with a volume of 2630425 shares. The stock had previously closed at $300.99.

iShares Russell 2000 ETF Stock Up 0.3%

The firm has a market cap of $83.54 billion, a PE ratio of 17.69 and a beta of 1.11. The stock has a 50 day moving average price of $295.02 and a two-hundred day moving average price of $276.48.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of IWM. Acumen Wealth Advisors LLC acquired a new position in shares of iShares Russell 2000 ETF in the 4th quarter valued at $27,000. Measured Wealth Private Client Group LLC purchased a new stake in iShares Russell 2000 ETF during the 3rd quarter valued at about $28,000. Osbon Capital Management LLC purchased a new stake in iShares Russell 2000 ETF during the 4th quarter valued at about $31,000. Columbia Asset Management purchased a new stake in iShares Russell 2000 ETF during the 4th quarter valued at about $32,000. Finally, Tucker Asset Management LLC acquired a new position in shares of iShares Russell 2000 ETF in the fourth quarter valued at about $32,000.

iShares Russell 2000 ETF Company Profile

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.