iShares Russell 2000 ETF (NYSEARCA:IWM) Sets New 52-Week Low – What’s Next?

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

iShares Russell 2000 ETF Stock Down 6.4 %

The firm has a market capitalization of $60.72 billion, a price-to-earnings ratio of 15.93 and a beta of 1.12. The company’s 50 day moving average price is $214.86 and its 200 day moving average price is $222.31.

Institutional Trading of iShares Russell 2000 ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division lifted its holdings in shares of iShares Russell 2000 ETF by 5.3% during the first quarter. Central Pacific Bank Trust Division now owns 12,473 shares of the exchange traded fund’s stock worth $2,488,000 after purchasing an additional 628 shares during the period. Legacy Wealth Management LLC MS purchased a new position in iShares Russell 2000 ETF during the 1st quarter worth approximately $391,000. Park National Corp OH purchased a new stake in shares of iShares Russell 2000 ETF in the 1st quarter valued at $222,000. Global Wealth Strategies & Associates increased its stake in shares of iShares Russell 2000 ETF by 77.4% in the first quarter. Global Wealth Strategies & Associates now owns 236 shares of the exchange traded fund’s stock worth $47,000 after acquiring an additional 103 shares during the period. Finally, Life Line Wealth Management LLC raised its holdings in shares of iShares Russell 2000 ETF by 1.9% during the fourth quarter. Life Line Wealth Management LLC now owns 179,408 shares of the exchange traded fund’s stock worth $39,642,000 after purchasing an additional 3,363 shares during the last quarter.

iShares Russell 2000 ETF Company Profile

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.