iShares Russell 2000 Value ETF (NYSEARCA:IWN) Sees Strong Trading Volume – Still a Buy?

Shares of iShares Russell 2000 Value ETF (NYSEARCA:IWN) saw an uptick in trading volume on Thursday . 409,869 shares changed hands during mid-day trading, a decline of 36% from the previous session’s volume of 640,616 shares.The stock last traded at $166.16 and had previously closed at $166.38.

iShares Russell 2000 Value ETF Stock Down 0.4 %

The firm has a market capitalization of $12.68 billion, a P/E ratio of 10.79 and a beta of 1.17. The firm has a 50 day moving average of $171.73 and a 200-day moving average of $166.33.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Barrett & Company Inc. raised its position in iShares Russell 2000 Value ETF by 67.4% during the third quarter. Barrett & Company Inc. now owns 159 shares of the company’s stock valued at $27,000 after purchasing an additional 64 shares in the last quarter. Loomis Sayles & Co. L P acquired a new position in iShares Russell 2000 Value ETF during the third quarter valued at approximately $29,000. Optimum Investment Advisors raised its position in iShares Russell 2000 Value ETF by 375.0% during the third quarter. Optimum Investment Advisors now owns 190 shares of the company’s stock valued at $32,000 after purchasing an additional 150 shares in the last quarter. Richardson Financial Services Inc. raised its position in iShares Russell 2000 Value ETF by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 190 shares of the company’s stock valued at $30,000 after purchasing an additional 95 shares in the last quarter. Finally, Pacifica Partners Inc. increased its holdings in shares of iShares Russell 2000 Value ETF by 177.9% during the third quarter. Pacifica Partners Inc. now owns 214 shares of the company’s stock worth $36,000 after buying an additional 137 shares in the last quarter.

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.