iShares Russell 2000 ETF (NYSEARCA:IWM) Reaches New 12-Month Low – Here’s What Happened

Shares of iShares Russell 2000 ETF (NYSEARCA:IWM) hit a new 52-week low on Thursday . The company traded as low as $189.20 and last traded at $190.50, with a volume of 26175385 shares trading hands. The stock had previously closed at $202.66.

iShares Russell 2000 ETF Stock Down 6.4 %

The company has a market cap of $60.72 billion, a PE ratio of 15.93 and a beta of 1.12. The firm has a 50 day simple moving average of $214.86 and a 200-day simple moving average of $222.31.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Proficio Capital Partners LLC acquired a new position in shares of iShares Russell 2000 ETF during the fourth quarter worth $4,672,147,000. JPMorgan Chase & Co. raised its stake in iShares Russell 2000 ETF by 50.5% in the third quarter. JPMorgan Chase & Co. now owns 4,313,404 shares of the exchange traded fund’s stock valued at $952,788,000 after buying an additional 1,446,443 shares during the last quarter. Wealthfront Advisers LLC boosted its holdings in iShares Russell 2000 ETF by 45,890.5% in the fourth quarter. Wealthfront Advisers LLC now owns 1,394,893 shares of the exchange traded fund’s stock worth $308,216,000 after acquiring an additional 1,391,860 shares in the last quarter. Strategic Financial Concepts LLC grew its stake in shares of iShares Russell 2000 ETF by 21,916.2% during the fourth quarter. Strategic Financial Concepts LLC now owns 737,763 shares of the exchange traded fund’s stock worth $163,016,000 after acquiring an additional 734,412 shares during the last quarter. Finally, Redwood Investment Management LLC purchased a new stake in shares of iShares Russell 2000 ETF during the third quarter worth about $142,774,000.

About iShares Russell 2000 ETF

iShares Russell 2000 ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Russell 2000 Index (the Index). The Index is a float-adjusted capitalization weighted index that measures the performance of the small-capitalization sector of the United States equity market and includes securities issued by the approximately 2,000 smallest issuers in the Russell 3000 Index.