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

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

iShares Russell 2000 Value ETF Trading Up 6.2 %

The stock’s 50 day moving average is $165.39 and its two-hundred day moving average is $159.82. The stock has a market capitalization of $13.67 billion, a price-to-earnings ratio of 10.79 and a beta of 1.17.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IWN. Mitchell Sinkler & Starr PA bought a new position in iShares Russell 2000 Value ETF in the second quarter valued at approximately $25,000. Lynx Investment Advisory acquired a new position in iShares Russell 2000 Value ETF in the second quarter valued at $26,000. Barrett & Company Inc. raised its holdings in shares of iShares Russell 2000 Value ETF by 67.4% during the third quarter. Barrett & Company Inc. now owns 159 shares of the company’s stock valued at $27,000 after purchasing an additional 64 shares during the period. Richardson Financial Services Inc. raised its holdings in shares of iShares Russell 2000 Value ETF by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 190 shares of the company’s stock valued at $30,000 after purchasing an additional 95 shares during the period. Finally, Optimum Investment Advisors raised its holdings in shares of iShares Russell 2000 Value ETF by 375.0% in the 3rd quarter. Optimum Investment Advisors now owns 190 shares of the company’s stock worth $32,000 after acquiring an additional 150 shares during the last quarter.

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.