Optimum Investment Advisors Expands Stake in iShares Russell 2000 Value ETF

Optimum Investment Advisors has significantly increased its stake in the iShares Russell 2000 Value ETF (NYSEARCA:IWN) by 375.0% during the third quarter of this year. According to the latest 13F filing with the Securities and Exchange Commission (SEC), the firm now owns 190 shares of the ETF after acquiring an additional 150 shares during this period. As of the most recent filing, Optimum Investment Advisors' holdings in the iShares Russell 2000 Value ETF are valued at approximately $32,000.

Several other institutional investors have also been active in buying and selling shares of the iShares Russell 2000 Value ETF recently. For instance, Mitchell Sinkler & Starr PA secured a new position in the ETF during the second quarter, valued at around $25,000. Similarly, Lynx Investment Advisory acquired a new stake during the same quarter, which was valued at approximately $26,000. In the third quarter, Pacifica Partners Inc. increased its investment in the iShares Russell 2000 Value ETF by an impressive 177.9% and now holds 214 shares, estimated to be worth $36,000 after purchasing an additional 137 shares. Clearstead Trust LLC also raised its stake by 75.9% in the first quarter and currently owns 241 shares worth $38,000 after acquiring 104 more shares in the last quarter. Additionally, Triad Wealth Partners LLC entered a new investment in the iShares Russell 2000 Value ETF in the second quarter, valued at $38,000.

iShares Russell 2000 Value ETF Performance

The shares of iShares Russell 2000 Value ETF opened at $170.30 on Friday. This ETF has experienced a 52-week low of $124.97 and a 52-week high of $174.83. The fund's 50-day simple moving average stands at $164.42, while its 200-day simple moving average is $158.49. The iShares Russell 2000 Value ETF has a market capitalization of $13.03 billion and a price-to-earnings (P/E) ratio of 10.79 with a beta of 1.17, indicating its volatility relative to the market.

About iShares Russell 2000 Value ETF

The iShares Russell 2000 Value ETF, previously known as iShares Trust Russell 2000, is a type of exchange-traded fund. Its primary goal is to achieve investment results that correspond broadly to the price and yield performance of the Russell 2000 Value Index. This index reflects the performance of equity securities of companies included in the Russell 2000 Index that have relatively lower price-to-book ratios and lower expected growth rates.

Investors, ETF, Securities