CENTRAL TRUST Co Reduces Investment in iShares Russell 2000 Value ETF

CENTRAL TRUST Co has significantly reduced its investment in the iShares Russell 2000 Value ETF (NYSEARCA:IWN) by 94.3% during the third quarter of the year, based on its latest filing with the Securities and Exchange Commission (SEC). After selling 17,700 shares during this time, the firm now holds only 1,064 shares of the ETF. As of the most recent reporting period, CENTRAL TRUST Co's stakes in iShares Russell 2000 Value ETF are valued at approximately $177,000.

Additionally, other hedge funds have also adjusted their positions in the iShares Russell 2000 Value ETF recently. For instance, Mitchell Sinkler & Starr PA acquired a new stake in the ETF during the second quarter, purchasing shares valued around $25,000. Meanwhile, Lynx Investment Advisory also entered a new position in the second quarter, valued at approximately $26,000. In the third quarter, Optimum Investment Advisors increased its holdings by 375%, now owning 190 shares worth $32,000 after acquiring an additional 150 shares.

Furthermore, Pacifica Partners Inc. raised its stake by 177.9% in the same quarter, bringing its total ownership to 214 shares valued at $36,000 after gaining an extra 137 shares. Clearstead Trust LLC also grew its position in the iShares Russell 2000 Value ETF by 75.9% during the first quarter, now owning 241 shares worth $38,000 after adding 104 shares.

Performance of iShares Russell 2000 Value ETF

The shares of iShares Russell 2000 Value ETF opened at $164.67 on a recent Monday. The ETF currently has a market capitalization of $12.60 billion, a price-to-earnings (P/E) ratio of 10.79, and a beta of 1.17. The fifty-day moving average for the ETF is $165.15, while the two-hundred-day moving average stands at $158.89. Over the past year, the stock has reached a low of $124.97 and a high of $174.83, reflecting its performance and volatility in the market.

About the iShares Russell 2000 Value ETF

The iShares Russell 2000 Value ETF is an exchange-traded fund (ETF) that aims to track the investment results corresponding to the performance of the Russell 2000 Value Index. This index focuses on equity securities from the Russell 2000 Index that have relatively lower price-to-book ratios and forecasted growth rates. The ETF provides investors with exposure to smaller U.S. companies that are considered to be undervalued in the market.

Additional Insights

Tracking movements in hedge fund investments could provide insights on market trends and investor sentiment related to the iShares Russell 2000 Value ETF. Keeping an eye on upcoming earnings reports and changes in market conditions can help in making informed investment decisions.

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