Optimum Investment Advisors Increases Stake in iShares Russell 2000 Value ETF (NYSEARCA:IWN)

Optimum Investment Advisors has significantly increased its investment in the iShares Russell 2000 Value ETF (NYSEARCA:IWN) by 375.0% during the third quarter, as revealed in their latest 13F filing with the SEC. The advisory firm now holds 190 shares of this ETF after purchasing an additional 150 shares during this reporting period. According to their recent submission to the SEC, these holdings are valued at approximately $32,000.

In addition to Optimum Investment Advisors, several other institutional investors have also shown interest in the iShares Russell 2000 Value ETF. For instance, Mitchell Sinkler & Starr PA took a new position in the ETF during the second quarter, valued at around $25,000. Likewise, Lynx Investment Advisory added a new stake in the ETF, valued at $26,000 during the same quarter. Moreover, Pacifica Partners Inc. raised its position in the ETF by 177.9% in the third quarter, now holding 214 shares valued at $36,000 following their purchase of an additional 137 shares. Clearstead Trust LLC also grew its stake by 75.9% in the first quarter, now owning 241 shares worth $38,000 after acquiring 104 more shares in the last quarter. Lastly, Triad Wealth Partners LLC established a new stake in the ETF in the second quarter, valued at $38,000.

Current Performance of iShares Russell 2000 Value ETF

As of the latest trading session, shares of iShares Russell 2000 Value ETF opened at $170.30. This ETF has experienced fluctuations, with a fifty-two week low of $124.97 and a high of $174.83. The current 50-day simple moving average stands at $164.42, while the 200-day simple moving average is at $158.49. The ETF has a market capitalization of approximately $13.03 billion, a price-to-earnings ratio of 10.79, and a beta value of 1.17, indicating its relative volatility compared to the overall market.

Understanding iShares Russell 2000 Value ETF

The iShares Russell 2000 Value ETF is designed to track the performance of the Russell 2000 Value Index, which features equity securities from the Russell 2000 Index that exhibit relatively lower price-to-book ratios and lower forecasted growth rates. This ETF enables investors to gain exposure to smaller, value-oriented companies within the U.S. equity market.

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