Droms Strauss Advisors Inc. MO ADV Cuts Stock Holdings in iShares Russell 2000 Value ETF (NYSEARCA:IWN)

Droms Strauss Advisors Inc. MO ADV lessened its stake in iShares Russell 2000 Value ETF (NYSEARCA:IWN) by 6.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 27,273 shares of the company’s stock after selling 2,001 shares during the quarter. iShares Russell 2000 Value ETF comprises approximately 1.6% of Droms Strauss Advisors Inc. MO ADV’s investment portfolio, making the stock its 11th biggest position. Droms Strauss Advisors Inc. MO ADV’s holdings in iShares Russell 2000 Value ETF were worth $4,550,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IWN. Mitchell Sinkler & Starr PA purchased a new stake in shares of iShares Russell 2000 Value ETF during the second quarter worth $25,000. Barrett & Company Inc. boosted its position in shares of iShares Russell 2000 Value ETF by 67.4% during the 3rd quarter. Barrett & Company Inc. now owns 159 shares of the company’s stock valued at $27,000 after acquiring an additional 64 shares during the last quarter. Lynx Investment Advisory acquired a new position in shares of iShares Russell 2000 Value ETF during the 2nd quarter valued at about $26,000. Optimum Investment Advisors boosted its position in shares of iShares Russell 2000 Value ETF by 375.0% during the 3rd quarter. Optimum Investment Advisors now owns 190 shares of the company’s stock valued at $32,000 after acquiring an additional 150 shares during the last quarter. Finally, Richardson Financial Services Inc. boosted its position in shares of iShares Russell 2000 Value ETF by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 190 shares of the company’s stock valued at $30,000 after acquiring an additional 95 shares during the last quarter.

iShares Russell 2000 Value ETF Trading Up 6.2 %

Shares of IWN stock opened at $178.67 on Thursday. The company’s 50-day moving average price is $165.65 and its 200-day moving average price is $159.95. The stock has a market cap of $13.67 billion, a price-to-earnings ratio of 10.79 and a beta of 1.17. iShares Russell 2000 Value ETF has a twelve month low of $129.30 and a twelve month high of $179.09.

About iShares Russell 2000 Value ETF

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.