JDM Financial Group LLC Lowers Stake in iShares Russell 2000 Value ETF (NYSEARCA:IWN)

JDM Financial Group LLC cut its holdings in iShares Russell 2000 Value ETF (NYSEARCA:IWN) by 34.7% in the third quarter, Holdings Channel reports. The fund owned 685 shares of the company’s stock after selling 364 shares during the quarter. JDM Financial Group LLC’s holdings in iShares Russell 2000 Value ETF were worth $114,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Smith Thornton Advisors LLC purchased a new stake in shares of iShares Russell 2000 Value ETF during the second quarter valued at about $491,000. Wealth Alliance purchased a new stake in shares of iShares Russell 2000 Value ETF during the second quarter valued at about $275,000. Brookstone Capital Management lifted its position in shares of iShares Russell 2000 Value ETF by 2.1% during the second quarter. Brookstone Capital Management now owns 38,696 shares of the company’s stock valued at $6,534,000 after buying an additional 787 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of iShares Russell 2000 Value ETF by 0.9% during the first quarter. Vanguard Group Inc. now owns 10,861 shares of the company’s stock valued at $1,725,000 after buying an additional 95 shares during the last quarter. Finally, Citizens Financial Group Inc. RI lifted its position in shares of iShares Russell 2000 Value ETF by 19.9% during the second quarter. Citizens Financial Group Inc. RI now owns 4,736 shares of the company’s stock valued at $721,000 after buying an additional 786 shares during the last quarter.

iShares Russell 2000 Value ETF Stock Performance

IWN stock opened at $177.18 on Tuesday. The firm has a market cap of $13.55 billion, a price-to-earnings ratio of 10.79 and a beta of 1.17. The firm has a 50-day simple moving average of $171.47 and a two-hundred day simple moving average of $163.68. iShares Russell 2000 Value ETF has a one year low of $143.51 and a one 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.