Sequoia Financial Advisors LLC Reduces Stock Position in iShares Russell 2000 Value ETF (NYSEARCA:IWN)

Sequoia Financial Advisors LLC cut its stake in iShares Russell 2000 Value ETF (NYSEARCA:IWN) by 21.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,063 shares of the company’s stock after selling 1,406 shares during the period. Sequoia Financial Advisors LLC’s holdings in iShares Russell 2000 Value ETF were worth $831,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in IWN. Oppenheimer & Co. Inc. increased its holdings in iShares Russell 2000 Value ETF by 63.3% in the third quarter. Oppenheimer & Co. Inc. now owns 11,423 shares of the company’s stock valued at $1,906,000 after buying an additional 4,429 shares in the last quarter. Royce & Associates LP increased its holdings in iShares Russell 2000 Value ETF by 44.8% in the third quarter. Royce & Associates LP now owns 81,343 shares of the company’s stock valued at $13,570,000 after buying an additional 25,153 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in shares of iShares Russell 2000 Value ETF by 1,457.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 665,455 shares of the company’s stock worth $111,012,000 after purchasing an additional 622,725 shares in the last quarter. Cassaday & Co Wealth Management LLC increased its stake in shares of iShares Russell 2000 Value ETF by 2.3% during the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 593,076 shares of the company’s stock worth $98,937,000 after purchasing an additional 13,309 shares in the last quarter. Finally, Prospera Financial Services Inc increased its stake in shares of iShares Russell 2000 Value ETF by 7.2% during the 3rd quarter. Prospera Financial Services Inc now owns 8,129 shares of the company’s stock worth $1,356,000 after purchasing an additional 549 shares in the last quarter.

iShares Russell 2000 Value ETF Price Performance

Shares of IWN opened at $152.75 on Monday. The firm has a 50 day simple moving average of $163.36 and a 200-day simple moving average of $167.03. iShares Russell 2000 Value ETF has a 1-year low of $145.71 and a 1-year high of $183.51. The stock has a market cap of $11.07 billion, a price-to-earnings ratio of 13.92 and a beta of 1.18.

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.