iShares Russell 2000 Value ETF (NYSEARCA:IWN) Hits New 12-Month Low – Here’s Why

iShares Russell 2000 Value ETF (NYSEARCA:IWN)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $143.09 and last traded at $144.21, with a volume of 289471 shares changing hands. The stock had previously closed at $152.94.

iShares Russell 2000 Value ETF Stock Performance

The company has a market capitalization of $10.02 billion, a PE ratio of 13.99 and a beta of 1.18. The firm’s 50-day simple moving average is $159.28 and its 200 day simple moving average is $165.81.

Institutional Trading of iShares Russell 2000 Value ETF

A number of institutional investors have recently added to or reduced their stakes in IWN. Brooklyn FI LLC increased its position in shares of iShares Russell 2000 Value ETF by 6,229.0% in the fourth quarter. Brooklyn FI LLC now owns 2,052,063 shares of the company’s stock valued at $350,211,000 after buying an additional 2,019,640 shares in the last quarter. Strategic Financial Concepts LLC grew its stake in iShares Russell 2000 Value ETF by 16,463.4% in the 4th quarter. Strategic Financial Concepts LLC now owns 800,673 shares of the company’s stock valued at $131,446,000 after acquiring an additional 795,839 shares during the last quarter. Raymond James Financial Inc. purchased a new position in iShares Russell 2000 Value ETF during the 4th quarter valued at about $97,519,000. Bank of America Corp DE raised its position in iShares Russell 2000 Value ETF by 6.3% during the fourth quarter. Bank of America Corp DE now owns 6,717,220 shares of the company’s stock worth $1,102,766,000 after acquiring an additional 399,082 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of iShares Russell 2000 Value ETF by 69.0% in the fourth quarter. Victory Capital Management Inc. now owns 537,775 shares of the company’s stock valued at $88,287,000 after purchasing an additional 219,475 shares in the last quarter.

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.