Zhang Financial LLC Sells 1,823 Shares of iShares Russell 2000 Value ETF (NYSEARCA:IWN)

Zhang Financial LLC trimmed its position in shares of iShares Russell 2000 Value ETF (NYSEARCA:IWN) by 1.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 103,224 shares of the company’s stock after selling 1,823 shares during the period. iShares Russell 2000 Value ETF makes up approximately 1.0% of Zhang Financial LLC’s portfolio, making the stock its 20th biggest holding. Zhang Financial LLC’s holdings in iShares Russell 2000 Value ETF were worth $16,946,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in IWN. Alaska Permanent Fund Corp grew its stake in shares of iShares Russell 2000 Value ETF by 66.4% in the third quarter. Alaska Permanent Fund Corp now owns 1,414,873 shares of the company’s stock worth $236,029,000 after purchasing an additional 564,826 shares during the last quarter. Starboard Value LP lifted its holdings in iShares Russell 2000 Value ETF by 5.9% during the 3rd quarter. Starboard Value LP now owns 1,355,000 shares of the company’s stock worth $226,041,000 after buying an additional 75,000 shares during the period. PNC Financial Services Group Inc. grew its position in shares of iShares Russell 2000 Value ETF by 0.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,199,444 shares of the company’s stock valued at $200,091,000 after buying an additional 6,684 shares during the last quarter. M&T Bank Corp increased its stake in shares of iShares Russell 2000 Value ETF by 20.6% in the third quarter. M&T Bank Corp now owns 1,154,299 shares of the company’s stock valued at $192,560,000 after buying an additional 196,988 shares during the period. Finally, D.A. Davidson & CO. raised its position in shares of iShares Russell 2000 Value ETF by 1.5% during the third quarter. D.A. Davidson & CO. now owns 1,049,996 shares of the company’s stock worth $175,160,000 after acquiring an additional 15,867 shares during the last quarter.

iShares Russell 2000 Value ETF Price Performance

iShares Russell 2000 Value ETF stock opened at $166.95 on Monday. The stock’s 50 day moving average is $171.06 and its 200 day moving average is $166.65. iShares Russell 2000 Value ETF has a one year low of $144.75 and a one year high of $183.51. The firm has a market cap of $12.77 billion, a P/E ratio of 10.79 and a beta of 1.17.

iShares Russell 2000 Value ETF Company 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.