iShares Russell 2000 Value ETF $IWN Stake Lowered by Bessemer Group Inc.

Bessemer Group Inc. cut its stake in iShares Russell 2000 Value ETF (NYSEARCA:IWN) by 60.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,583 shares of the company’s stock after selling 2,411 shares during the quarter. Bessemer Group Inc.’s holdings in iShares Russell 2000 Value ETF were worth $300,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of IWN. Independent Financial Group LLC acquired a new position in iShares Russell 2000 Value ETF in the 1st quarter worth about $209,000. Wealthfront Advisers LLC increased its holdings in iShares Russell 2000 Value ETF by 23.8% in the first quarter. Wealthfront Advisers LLC now owns 20,476 shares of the company’s stock worth $3,882,000 after buying an additional 3,943 shares during the last quarter. D.A. Davidson & CO. increased its holdings in iShares Russell 2000 Value ETF by 2.2% in the first quarter. D.A. Davidson & CO. now owns 1,273,529 shares of the company’s stock worth $241,449,000 after buying an additional 27,187 shares during the last quarter. Navigation Group LLC bought a new position in iShares Russell 2000 Value ETF during the first quarter valued at approximately $9,988,000. Finally, Midwest Professional Planners LTD. bought a new position in iShares Russell 2000 Value ETF during the first quarter valued at approximately $3,577,000. 74.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell 2000 Value ETF Price Performance

NYSEARCA IWN opened at $221.42 on Monday. The stock has a market capitalization of $14.34 billion, a PE ratio of 14.35 and a beta of 1.01. The company has a 50 day moving average price of $216.81 and a two-hundred day moving average price of $204.21. iShares Russell 2000 Value ETF has a 12-month low of $155.54 and a 12-month high of $224.42.

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