Morris Financial Concepts Inc. Trims Stock Position in iShares Russell 2000 Value ETF (NYSEARCA:IWN)

Morris Financial Concepts Inc. trimmed its stake in shares of iShares Russell 2000 Value ETF (NYSEARCA:IWN) by 1.2% during the 1st quarter, Holdings Channel reports. The fund owned 7,058 shares of the company’s stock after selling 83 shares during the quarter. Morris Financial Concepts Inc.’s holdings in iShares Russell 2000 Value ETF were worth $1,121,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. M&T Bank Corp increased its stake in iShares Russell 2000 Value ETF by 60.3% during the 4th quarter. M&T Bank Corp now owns 734,755 shares of the company’s stock worth $114,129,000 after buying an additional 276,387 shares in the last quarter. Pathstone Holdings LLC acquired a new stake in shares of iShares Russell 2000 Value ETF during the 4th quarter worth about $37,966,000. Pacific Life Fund Advisors LLC acquired a new stake in shares of iShares Russell 2000 Value ETF during the fourth quarter valued at about $35,930,000. Advisors Preferred LLC purchased a new stake in iShares Russell 2000 Value ETF in the fourth quarter valued at approximately $35,517,000. Finally, Waldron Private Wealth LLC lifted its position in shares of iShares Russell 2000 Value ETF by 118.1% during the fourth quarter. Waldron Private Wealth LLC now owns 284,145 shares of the company’s stock worth $44,136,000 after purchasing an additional 153,876 shares in the last quarter.

iShares Russell 2000 Value ETF Stock Performance

Shares of IWN traded down $1.37 during midday trading on Monday, hitting $150.93. The company had a trading volume of 693,391 shares, compared to its average volume of 1,240,792. The company’s 50-day simple moving average is $153.24 and its 200-day simple moving average is $152.54. iShares Russell 2000 Value ETF has a 1 year low of $124.97 and a 1 year high of $159.85. The firm has a market capitalization of $11.55 billion, a P/E ratio of 10.79 and a beta of 1.17.

iShares Russell 2000 Value ETF 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.