Shares of iShares Russell 2000 Value ETF (NYSEARCA:IWN) rose 8.7% during mid-day trading on Tuesday . The company traded as high as $78.20 and last traded at $78.05, approximately 2,096,762 shares were traded during mid-day trading. An increase of 53% from the average daily volume of 1,373,773 shares. The stock had previously closed at $71.79.

The business’s 50 day simple moving average is $107.93 and its 200-day simple moving average is $119.93.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th will be given a dividend of $0.4505 per share. The ex-dividend date is Wednesday, March 25th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.28%.

Several hedge funds and other institutional investors have recently made changes to their positions in IWN. Bank of America Corp DE boosted its position in shares of iShares Russell 2000 Value ETF by 14.1% during the fourth quarter. Bank of America Corp DE now owns 3,994,098 shares of the company’s stock worth $513,561,000 after purchasing an additional 494,468 shares in the last quarter. Bailard Inc. lifted its position in iShares Russell 2000 Value ETF by 1,325.6% in the 4th quarter. Bailard Inc. now owns 477,623 shares of the company’s stock valued at $61,413,000 after acquiring an additional 444,119 shares in the last quarter. Jones Financial Companies Lllp lifted its position in iShares Russell 2000 Value ETF by 7.4% in the 4th quarter. Jones Financial Companies Lllp now owns 3,437,942 shares of the company’s stock valued at $442,051,000 after acquiring an additional 237,794 shares in the last quarter. Millennium Management LLC lifted its position in iShares Russell 2000 Value ETF by 288.5% in the 3rd quarter. Millennium Management LLC now owns 122,324 shares of the company’s stock valued at $14,606,000 after acquiring an additional 187,224 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in iShares Russell 2000 Value ETF by 619.6% in the 4th quarter. Principal Financial Group Inc. now owns 195,805 shares of the company’s stock valued at $25,176,000 after acquiring an additional 168,593 shares in the last quarter.

About iShares Russell 2000 Value ETF (NYSEARCA:IWN)

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.

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