Independent Advisor Alliance Invests $1.52 Million in iShares Russell 2000 Value ETF (NYSEARCA:IWN)

Independent Advisor Alliance purchased a new stake in iShares Russell 2000 Value ETF (NYSEARCA:IWN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,270 shares of the company’s stock, valued at approximately $1,522,000.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in shares of iShares Russell 2000 Value ETF by 12.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 632,207 shares of the company’s stock worth $105,465,000 after buying an additional 70,123 shares during the last quarter. Atomi Financial Group Inc. acquired a new stake in iShares Russell 2000 Value ETF during the fourth quarter worth approximately $207,000. National Bank of Canada FI lifted its position in iShares Russell 2000 Value ETF by 4.6% during the third quarter. National Bank of Canada FI now owns 2,045 shares of the company’s stock worth $341,000 after acquiring an additional 90 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of iShares Russell 2000 Value ETF by 13.6% during the fourth quarter. Assetmark Inc. now owns 60,373 shares of the company’s stock worth $9,911,000 after acquiring an additional 7,211 shares during the period. Finally, Mesirow Financial Investment Management Inc. grew its position in shares of iShares Russell 2000 Value ETF by 9.8% in the fourth quarter. Mesirow Financial Investment Management Inc. now owns 2,558 shares of the company’s stock valued at $420,000 after purchasing an additional 228 shares during the last quarter.

iShares Russell 2000 Value ETF Trading Up 2.3 %

Shares of NYSEARCA IWN opened at $152.75 on Friday. The business’s 50 day moving average is $163.36 and its 200-day moving average is $167.01. The firm has a market cap of $11.07 billion, a P/E ratio of 13.92 and a beta of 1.18. iShares Russell 2000 Value ETF has a 1-year low of $145.71 and a 1-year high of $183.51.

About iShares Russell 2000 Value ETF

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.