Modera Wealth Management LLC Trims Stake in iShares Russell 2000 Value ETF (NYSEARCA:IWN)

Modera Wealth Management LLC cut its stake in iShares Russell 2000 Value ETF (NYSEARCA:IWN) by 3.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 154,087 shares of the company’s stock after selling 4,913 shares during the quarter. Modera Wealth Management LLC owned approximately 0.20% of iShares Russell 2000 Value ETF worth $25,705,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in IWN. Smith Thornton Advisors LLC purchased a new stake in iShares Russell 2000 Value ETF during the second quarter worth $491,000. LRI Investments LLC acquired a new stake in shares of iShares Russell 2000 Value ETF during the 1st quarter valued at about $118,000. Accel Wealth Management purchased a new position in shares of iShares Russell 2000 Value ETF in the 1st quarter valued at about $204,000. Wealth Alliance acquired a new position in iShares Russell 2000 Value ETF in the 2nd quarter worth about $275,000. Finally, Brookstone Capital Management grew its holdings in iShares Russell 2000 Value ETF by 2.1% in the second quarter. Brookstone Capital Management now owns 38,696 shares of the company’s stock valued at $6,534,000 after purchasing an additional 787 shares during the period.

iShares Russell 2000 Value ETF Price Performance

iShares Russell 2000 Value ETF stock opened at $164.67 on Friday. The stock has a market capitalization of $12.60 billion, a PE ratio of 10.79 and a beta of 1.17. The business has a 50 day simple moving average of $165.15 and a 200-day simple moving average of $158.89. iShares Russell 2000 Value ETF has a 12 month low of $124.97 and a 12 month high of $174.83.

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.