Kingsview Wealth Management LLC Increases Investment in iShares Russell 2000 Value ETF

Kingsview Wealth Management LLC has significantly increased its investment in the iShares Russell 2000 Value ETF (NYSEARCA:IWN) by 21.0% during the third quarter of the year, according to reports from HoldingsChannel.com. Following this change, the fund now holds a total of 4,585 shares of the ETF after acquiring an additional 796 shares throughout the quarter. As per the latest filing with the Securities and Exchange Commission, these holdings are valued at approximately $765,000.

Other institutional investors have also made adjustments to their positions in the iShares Russell 2000 Value ETF. Vanguard Group Inc. has upped its stake by 0.9% in the first quarter, now owning 10,861 shares valued at around $1,725,000 after purchasing 95 additional shares. Similarly, B. Riley Wealth Advisors Inc. reported a 7.1% increase in holdings during the same period, bringing their total to 2,573 shares worth $409,000 after adding 170 shares. Comerica Bank also made a small increase of 0.3% to its position, owning 117,358 shares valued at $18,638,000 after acquiring an extra 380 shares. Additionally, LRI Investments LLC has entered a new position with an investment of approximately $120,000, and Atria Investments Inc. has also acquired shares worth about $1,017,000 during this timeframe.

Current Performance of iShares Russell 2000 Value ETF

The iShares Russell 2000 Value ETF opened at $180.14 on Thursday. Over the past year, the stock has seen a low of $136.85 and a high of $183.51. The average price over the last 50 days stands at $169.59, while the 200-day moving average is at $162.45. The market capitalization of the ETF is notable at $13.78 billion, with a price-to-earnings (PE) ratio of 10.79 and a beta of 1.17, indicating its volatility relative to the market.

About iShares Russell 2000 Value ETF

The iShares Russell 2000 Value ETF, formerly known as the iShares Trust Russell 2000, is an exchange-traded fund aimed at investment results that align with the price and yield performance of the Russell 2000 Value Index. This index specifically measures the performance of equity securities issued by components of the Russell 2000 Index that possess lower price-to-book ratios and lower anticipated growth rates.

investment, ETFs, finance