SVB Wealth LLC Buys Shares of 93,315 iShares Russell 2000 Value ETF (NYSEARCA:IWN)

SVB Wealth LLC purchased a new stake in iShares Russell 2000 Value ETF (NYSEARCA:IWN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 93,315 shares of the company’s stock, valued at approximately $15,320,000.

A number of other hedge funds also recently made changes to their positions in IWN. Starboard Value LP grew its holdings in iShares Russell 2000 Value ETF by 5.9% in 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 in the last quarter. PNC Financial Services Group Inc. boosted its position in iShares Russell 2000 Value ETF by 0.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,199,444 shares of the company’s stock worth $200,091,000 after acquiring an additional 6,684 shares during the period. M&T Bank Corp boosted its position in iShares Russell 2000 Value ETF by 20.6% during the 3rd quarter. M&T Bank Corp now owns 1,154,299 shares of the company’s stock worth $192,560,000 after acquiring an additional 196,988 shares during the period. D.A. Davidson & CO. grew its stake in shares of iShares Russell 2000 Value ETF by 2.9% in the fourth quarter. D.A. Davidson & CO. now owns 1,080,253 shares of the company’s stock worth $177,345,000 after purchasing an additional 30,257 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in shares of iShares Russell 2000 Value ETF by 23.4% during the third quarter. LPL Financial LLC now owns 1,013,108 shares of the company’s stock valued at $169,007,000 after purchasing an additional 192,439 shares during the period.

iShares Russell 2000 Value ETF Stock Up 0.8 %

Shares of NYSEARCA IWN opened at $161.10 on Friday. The stock has a market cap of $11.84 billion, a P/E ratio of 14.54 and a beta of 1.17. The firm’s 50-day simple moving average is $165.58 and its 200 day simple moving average is $167.61. iShares Russell 2000 Value ETF has a fifty-two week low of $145.71 and a fifty-two week 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.