iShares Russell 2000 ETF (NYSEARCA:IWM) Hits New 12-Month High – Should You Buy?

iShares Russell 2000 ETF (NYSEARCA:IWM)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $243.08 and last traded at $242.59, with a volume of 2749146 shares. The stock had previously closed at $238.77.

iShares Russell 2000 ETF Price Performance

The company’s fifty day moving average price is $225.04 and its 200 day moving average price is $214.85.

Institutional Investors Weigh In On iShares Russell 2000 ETF

Hedge funds have recently added to or reduced their stakes in the stock. Gradient Investments LLC raised its stake in shares of iShares Russell 2000 ETF by 327.0% during the second quarter. Gradient Investments LLC now owns 2,831 shares of the exchange traded fund’s stock valued at $574,000 after purchasing an additional 2,168 shares in the last quarter. Great Lakes Advisors LLC increased its stake in iShares Russell 2000 ETF by 26.9% during the 2nd quarter. Great Lakes Advisors LLC now owns 74,740 shares of the exchange traded fund’s stock valued at $15,164,000 after buying an additional 15,864 shares during the period. State of New Jersey Common Pension Fund D bought a new stake in shares of iShares Russell 2000 ETF during the 3rd quarter worth about $88,890,000. Farmers & Merchants Investments Inc. lifted its stake in shares of iShares Russell 2000 ETF by 2.1% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 74,105 shares of the exchange traded fund’s stock worth $16,369,000 after acquiring an additional 1,512 shares during the period. Finally, Capitol Family Office Inc. boosted its holdings in shares of iShares Russell 2000 ETF by 0.5% in the third quarter. Capitol Family Office Inc. now owns 45,040 shares of the exchange traded fund’s stock valued at $9,949,000 after acquiring an additional 234 shares in 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.