Summit Financial LLC Acquires 31,746 Shares of iShares Russell 2000 Value ETF (NYSEARCA:IWN)

Summit Financial LLC lifted its stake in iShares Russell 2000 Value ETF (NYSEARCA:IWN) by 266.9% during the fourth quarter, HoldingsChannel reports. The firm owned 43,642 shares of the company’s stock after purchasing an additional 31,746 shares during the period. Summit Financial LLC’s holdings in iShares Russell 2000 Value ETF were worth $7,165,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Alliancebernstein L.P. boosted its position in iShares Russell 2000 Value ETF by 2.2% in the 4th quarter. Alliancebernstein L.P. now owns 83,722 shares of the company’s stock valued at $13,745,000 after buying an additional 1,841 shares during the period. Wellington Management Group LLP boosted its holdings in shares of iShares Russell 2000 Value ETF by 29.0% in the fourth quarter. Wellington Management Group LLP now owns 157,330 shares of the company’s stock valued at $25,829,000 after purchasing an additional 35,353 shares during the period. Partners in Financial Planning bought a new position in iShares Russell 2000 Value ETF in the fourth quarter worth approximately $208,000. O Shaughnessy Asset Management LLC increased its holdings in iShares Russell 2000 Value ETF by 1.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,598 shares of the company’s stock worth $591,000 after purchasing an additional 67 shares during the period. Finally, Brandywine Global Investment Management LLC bought a new stake in iShares Russell 2000 Value ETF during the 4th quarter valued at $502,000.

iShares Russell 2000 Value ETF Trading Down 2.0 %

Shares of 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 fifty day simple moving average of $161.39 and a two-hundred day simple moving average of $166.43. The stock has a market capitalization of $11.05 billion, a price-to-earnings ratio of 13.99 and a beta of 1.18.

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.