iShares Russell 2000 ETF (NYSEARCA:IWM) Reaches New 12-Month High – Should You Buy?

Shares of iShares Russell 2000 ETF (NYSEARCA:IWM) hit a new 52-week high during trading on Wednesday . The stock traded as high as $236.40 and last traded at $235.73, with a volume of 6200953 shares. The stock had previously closed at $224.23.

iShares Russell 2000 ETF Stock Up 5.8 %

The firm’s fifty day moving average price is $218.65 and its 200 day moving average price is $211.12.

Institutional Investors Weigh In On iShares Russell 2000 ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Mizuho Markets Americas LLC purchased a new stake in shares of iShares Russell 2000 ETF in the third quarter valued at about $1,749,000. Meridian Investment Counsel Inc. increased its position in iShares Russell 2000 ETF by 52.5% during the third quarter. Meridian Investment Counsel Inc. now owns 8,392 shares of the exchange traded fund’s stock worth $1,854,000 after purchasing an additional 2,890 shares during the last quarter. Seelaus Asset Management LLC grew its stake in iShares Russell 2000 ETF by 70.2% during the third quarter. Seelaus Asset Management LLC now owns 1,891 shares of the exchange traded fund’s stock worth $418,000 after buying an additional 780 shares during the period. KCM Investment Advisors LLC boosted its stake in shares of iShares Russell 2000 ETF by 9.8% in the third quarter. KCM Investment Advisors LLC now owns 4,296 shares of the exchange traded fund’s stock valued at $949,000 after purchasing an additional 382 shares during the period. Finally, Insight 2811 Inc. raised its holdings in iShares Russell 2000 ETF by 26.5% in the third quarter. Insight 2811 Inc. now owns 1,432 shares of the exchange traded fund’s stock valued at $316,000 after acquiring an additional 300 shares in the last quarter.

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.