Penobscot Investment Management Company Inc. Decreases Position in iShares Russell 2000 Value ETF (NYSEARCA:IWN)

Penobscot Investment Management Company Inc. reduced its stake in iShares Russell 2000 Value ETF (NYSEARCA:IWN) by 7.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 9,672 shares of the company’s stock after selling 801 shares during the period. Penobscot Investment Management Company Inc.’s holdings in iShares Russell 2000 Value ETF were worth $1,588,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its holdings in shares of iShares Russell 2000 Value ETF by 5.6% in the 4th quarter. Jones Financial Companies Lllp now owns 2,729,738 shares of the company’s stock valued at $448,141,000 after buying an additional 145,085 shares in the last quarter. Brooklyn FI LLC boosted its stake in iShares Russell 2000 Value ETF by 6,229.0% in the fourth quarter. Brooklyn FI LLC now owns 2,052,063 shares of the company’s stock valued at $350,211,000 after acquiring an additional 2,019,640 shares in the last quarter. Starboard Value LP grew its holdings in shares of iShares Russell 2000 Value ETF by 5.9% during the third quarter. Starboard Value LP now owns 1,355,000 shares of the company’s stock worth $226,041,000 after purchasing an additional 75,000 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of iShares Russell 2000 Value ETF by 1.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,219,525 shares of the company’s stock worth $200,209,000 after purchasing an additional 20,081 shares in the last quarter. Finally, M&T Bank Corp lifted 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 last quarter.

iShares Russell 2000 Value ETF Stock Down 0.4 %

NYSEARCA:IWN opened at $154.58 on Thursday. The company has a market capitalization of $11.30 billion, a PE ratio of 13.99 and a beta of 1.18. iShares Russell 2000 Value ETF has a 52-week low of $145.71 and a 52-week high of $183.51. The stock’s 50 day moving average price is $161.94 and its 200 day moving average price is $166.46.

iShares Russell 2000 Value ETF Company Profile

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.