Miracle Mile Advisors LLC Decreases Position in iShares Russell 2000 Value ETF (NYSEARCA:IWN)

Miracle Mile Advisors LLC cut its stake in shares of iShares Russell 2000 Value ETF (NYSEARCA:IWN) by 14.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,104 shares of the company’s stock after selling 1,533 shares during the period. Miracle Mile Advisors LLC’s holdings in iShares Russell 2000 Value ETF were worth $1,446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IWN. M&T Bank Corp raised its position in iShares Russell 2000 Value ETF by 60.3% during the 4th quarter. M&T Bank Corp now owns 734,755 shares of the company’s stock valued at $114,129,000 after purchasing an additional 276,387 shares in the last quarter. Pathstone Holdings LLC bought a new stake in iShares Russell 2000 Value ETF during the 4th quarter valued at $37,966,000. Pacific Life Fund Advisors LLC bought a new stake in iShares Russell 2000 Value ETF during the 4th quarter valued at $35,930,000. Advisors Preferred LLC bought a new stake in iShares Russell 2000 Value ETF during the 4th quarter valued at $35,517,000. Finally, Waldron Private Wealth LLC raised its position in iShares Russell 2000 Value ETF by 118.1% during the 4th quarter. Waldron Private Wealth LLC now owns 284,145 shares of the company’s stock valued at $44,136,000 after purchasing an additional 153,876 shares in the last quarter.

iShares Russell 2000 Value ETF Trading Down 0.9 %

Shares of IWN traded down $1.37 during trading hours on Monday, hitting $150.93. The company had a trading volume of 693,391 shares, compared to its average volume of 1,240,788. The company has a market capitalization of $11.55 billion, a PE ratio of 10.79 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 $159.85. The company’s fifty day moving average price is $153.24 and its two-hundred day moving average price is $152.54.

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.