iShares Russell 2000 Value ETF (NYSEARCA:IWN) Sets New 12-Month High – Still a Buy?

Shares of iShares Russell 2000 Value ETF (NYSEARCA:IWN) hit a new 52-week high during trading on Wednesday . The company traded as high as $177.62 and last traded at $177.15, with a volume of 309976 shares trading hands. The stock had previously closed at $168.18.

iShares Russell 2000 Value ETF Stock Performance

The company has a market capitalization of $13.67 billion, a PE ratio of 10.79 and a beta of 1.17. The stock’s 50 day moving average is $165.39 and its 200 day moving average is $159.82.

Institutional Investors Weigh In On iShares Russell 2000 Value ETF

Large investors have recently added to or reduced their stakes in the company. Mitchell Sinkler & Starr PA purchased a new position in iShares Russell 2000 Value ETF during the 2nd quarter valued at about $25,000. Lynx Investment Advisory purchased a new position in iShares Russell 2000 Value ETF in the second quarter worth about $26,000. Barrett & Company Inc. grew its position in iShares Russell 2000 Value ETF by 67.4% in the 3rd quarter. Barrett & Company Inc. now owns 159 shares of the company’s stock worth $27,000 after purchasing an additional 64 shares during the period. Richardson Financial Services Inc. grew its holdings in shares of iShares Russell 2000 Value ETF by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 190 shares of the company’s stock worth $30,000 after acquiring an additional 95 shares during the period. Finally, Optimum Investment Advisors grew its holdings in shares of iShares Russell 2000 Value ETF by 375.0% in the third quarter. Optimum Investment Advisors now owns 190 shares of the company’s stock worth $32,000 after acquiring an additional 150 shares during the period.

iShares Russell 2000 Value ETF Company 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.