Steele Capital Management Inc. Acquires New Shares in iShares Russell 2000 Value ETF (NYSEARCA:IWN)

Steele Capital Management Inc. acquired a new stake in iShares Russell 2000 Value ETF (NYSEARCA:IWN) during the 4th quarter, Holdings Channel.com reports. The fund acquired 1,924 shares of the company’s stock, valued at approximately $299,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in IWN. Wolverine Asset Management LLC bought a new position in shares of iShares Russell 2000 Value ETF during the 4th quarter valued at $31,000. Pflug Koory LLC bought a new position in shares of iShares Russell 2000 Value ETF during the 3rd quarter valued at $28,000. Blue Trust Inc. lifted its holdings in shares of iShares Russell 2000 Value ETF by 275.7% during the 4th quarter. Blue Trust Inc. now owns 278 shares of the company’s stock valued at $43,000 after buying an additional 204 shares during the period. DT Investment Partners LLC bought a new position in shares of iShares Russell 2000 Value ETF during the 4th quarter valued at $48,000. Finally, Sheets Smith Wealth Management bought a new position in shares of iShares Russell 2000 Value ETF during the 3rd quarter valued at $47,000.

iShares Russell 2000 Value ETF Stock Performance

Shares of NYSEARCA IWN traded down $1.88 during midday trading on Tuesday, hitting $150.17. 353,108 shares of the stock traded hands, compared to its average volume of 1,323,760. The firm has a 50-day moving average of $152.70 and a two-hundred day moving average of $146.95. The firm has a market capitalization of $11.67 billion, a P/E ratio of 10.45 and a beta of 1.17. iShares Russell 2000 Value ETF has a one year low of $124.97 and a one year high of $159.81.

iShares Russell 2000 Value ETF 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.