Spire Wealth Management has decreased its holdings in the iShares Russell 2000 Value ETF (NYSEARCA: IWN) by 17.2% during the second quarter of 2023. According to HoldingsChannel.com, the firm now holds 2,296 shares of the ETF, having sold off 478 shares during this period. As of the latest reporting, these shares are valued at approximately $362,000.
A variety of institutional investors and hedge funds have also adjusted their positions in the iShares Russell 2000 Value ETF. Notably, the Alaska Permanent Fund Corp increased its stake by 94.9% in the first quarter, acquiring an additional 1,169,735 shares. This brings its total holdings to 2,402,269 shares, valued at around $347,849,000.
Wellington Management Group LLP made a significant move as well, boosting its stake by 225.6% during the same quarter. The firm now possesses 512,305 shares, valued at $77,348,000, after purchasing an additional 354,975 shares.
Other notable investors include Banco Bilbao Vizcaya Argentaria S.A., which acquired a new stake valued at approximately $18,813,000, and TIAA Trust National Association, which increased its holdings by 3.9%, totaling 2,843,511 shares valued at $429,313,000. Additionally, Citigroup Inc. raised its stake by 49.9%, now holding 232,085 shares valued at $35,040,000. Currently, institutional investors collectively own 74.70% of the ETF.
Current Performance and Market Insights
As of Monday, shares of the iShares Russell 2000 Value ETF opened at $177.13. The ETF boasts a market capitalization of $11.72 billion, a price-to-earnings ratio of 14.35, and a beta of 1.09. Over the past year, the stock has experienced a low of $129.38 and a high of $183.51. The current 50-day moving average price stands at $176.79, while the two-hundred-day moving average price is $163.65.
The iShares Russell 2000 Value ETF is designed to mirror the performance and yield of the Russell 2000 Value Index. This index focuses on equity securities of smaller companies, specifically those exhibiting lower price-to-book ratios and lower projected growth rates.
For those interested in further market activity and hedge fund movements regarding the iShares Russell 2000 Value ETF, HoldingsChannel.com provides the latest 13F filings and insider trades. Additionally, MarketBeat.com offers a daily summary of news and analyst ratings for the ETF and related companies.
