J.Safra Asset Management Corp Invests $458,000 in iShares Russell 2000 Value ETF (NYSEARCA:IWN)

J.Safra Asset Management Corp acquired a new position in shares of iShares Russell 2000 Value ETF (NYSEARCA:IWN) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,800 shares of the company’s stock, valued at approximately $458,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its position in iShares Russell 2000 Value ETF by 5.6% during the fourth quarter. Jones Financial Companies Lllp now owns 2,729,738 shares of the company’s stock worth $448,141,000 after acquiring an additional 145,085 shares in the last quarter. Starboard Value LP raised its holdings in shares of iShares Russell 2000 Value ETF by 5.9% in the 3rd quarter. Starboard Value LP now owns 1,355,000 shares of the company’s stock valued at $226,041,000 after purchasing an additional 75,000 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of iShares Russell 2000 Value ETF by 0.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,199,444 shares of the company’s stock valued at $200,091,000 after purchasing an additional 6,684 shares during the period. M&T Bank Corp raised its holdings in shares of iShares Russell 2000 Value ETF by 20.6% in the 3rd quarter. M&T Bank Corp now owns 1,154,299 shares of the company’s stock valued at $192,560,000 after purchasing an additional 196,988 shares during the period. Finally, D.A. Davidson & CO. raised its stake in iShares Russell 2000 Value ETF by 2.9% in the fourth quarter. D.A. Davidson & CO. now owns 1,080,253 shares of the company’s stock valued at $177,345,000 after buying an additional 30,257 shares during the period.

iShares Russell 2000 Value ETF Stock Down 1.5 %

NYSEARCA:IWN opened at $155.40 on Wednesday. The stock’s 50 day moving average price is $165.26 and its two-hundred day moving average price is $167.69. The firm has a market capitalization of $11.42 billion, a price-to-earnings ratio of 14.54 and a beta of 1.17. iShares Russell 2000 Value ETF has a 12-month low of $145.71 and a 12-month high of $183.51.

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.