Summit Financial LLC Raises Stock Position in iShares Russell 2000 Value ETF (NYSEARCA:IWN)

Summit Financial LLC grew its holdings in shares of iShares Russell 2000 Value ETF (NYSEARCA:IWN) by 266.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,642 shares of the company’s stock after buying an additional 31,746 shares during the quarter. Summit Financial LLC owned 0.06% of iShares Russell 2000 Value ETF worth $7,165,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Jones Financial Companies Lllp raised its position in iShares Russell 2000 Value ETF by 5.6% during the fourth quarter. Jones Financial Companies Lllp now owns 2,729,738 shares of the company’s stock valued at $448,141,000 after purchasing an additional 145,085 shares during the period. Brooklyn FI LLC increased its position in shares of iShares Russell 2000 Value ETF by 6,229.0% during the 4th quarter. Brooklyn FI LLC now owns 2,052,063 shares of the company’s stock valued at $350,211,000 after purchasing an additional 2,019,640 shares during the last quarter. Starboard Value LP increased its position in shares of iShares Russell 2000 Value ETF by 5.9% during the 3rd quarter. Starboard Value LP now owns 1,355,000 shares of the company’s stock valued at $226,041,000 after purchasing an additional 75,000 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in iShares Russell 2000 Value ETF by 1.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,219,525 shares of the company’s stock valued at $200,209,000 after buying an additional 20,081 shares during the period. Finally, M&T Bank Corp lifted its position in iShares Russell 2000 Value ETF by 20.6% in the third quarter. M&T Bank Corp now owns 1,154,299 shares of the company’s stock worth $192,560,000 after buying an additional 196,988 shares during the last quarter.

iShares Russell 2000 Value ETF Stock Down 2.0 %

IWN stock opened at $151.22 on Monday. iShares Russell 2000 Value ETF has a twelve month low of $145.71 and a twelve month high of $183.51. The stock has a market capitalization of $11.05 billion, a price-to-earnings ratio of 13.99 and a beta of 1.18. The firm’s fifty day simple moving average is $161.39 and its two-hundred day simple moving average is $166.43.

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.