Confluence Investment Management LLC Invests $3.84 Million in iShares Russell 2000 Value ETF $IWN

Confluence Investment Management LLC purchased a new stake in shares of iShares Russell 2000 Value ETF (NYSEARCA:IWN) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 21,203 shares of the company’s stock, valued at approximately $3,842,000.

A number of other hedge funds have also recently modified their holdings of the company. Cloud Capital Management LLC acquired a new stake in iShares Russell 2000 Value ETF during the third quarter worth about $45,000. Root Financial Partners LLC acquired a new position in iShares Russell 2000 Value ETF in the 3rd quarter valued at about $53,000. Investment Counsel Co. of Nevada acquired a new position in iShares Russell 2000 Value ETF in the 3rd quarter valued at about $54,000. Cedar Mountain Advisors LLC grew its stake in shares of iShares Russell 2000 Value ETF by 222.7% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 313 shares of the company’s stock valued at $55,000 after buying an additional 216 shares during the period. Finally, Semmax Financial Advisors Inc. grew its stake in shares of iShares Russell 2000 Value ETF by 73.0% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 391 shares of the company’s stock valued at $63,000 after buying an additional 165 shares during the period. Hedge funds and other institutional investors own 74.70% of the company’s stock.

iShares Russell 2000 Value ETF Price Performance

Shares of NYSEARCA IWN opened at $183.46 on Friday. The company has a market capitalization of $11.78 billion, a P/E ratio of 14.35 and a beta of 1.09. The company has a 50 day simple moving average of $195.22 and a 200-day simple moving average of $184.89. iShares Russell 2000 Value ETF has a 1 year low of $129.38 and a 1 year high of $203.01.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.