Betterment LLC Sells 9,758 Shares of iShares Russell 2000 Value ETF (IWN)

Betterment LLC reduced its position in iShares Russell 2000 Value ETF (NYSEARCA:IWN) by 1.3% in the first quarter, Holdings Channel reports. The institutional investor owned 744,883 shares of the company’s stock after selling 9,758 shares during the period. iShares Russell 2000 Value ETF makes up approximately 0.5% of Betterment LLC’s holdings, making the stock its 23rd largest holding. Betterment LLC’s holdings in iShares Russell 2000 Value ETF were worth $89,311,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in iShares Russell 2000 Value ETF by 40.8% during the fourth quarter. Bank of America Corp DE now owns 4,759,032 shares of the company’s stock valued at $511,786,000 after buying an additional 1,380,168 shares during the period. Commonwealth Equity Services LLC raised its position in iShares Russell 2000 Value ETF by 2.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 1,170,748 shares of the company’s stock valued at $125,902,000 after purchasing an additional 26,290 shares in the last quarter. Stephens Group Asset Management LLC raised its position in iShares Russell 2000 Value ETF by 15.8% during the first quarter. Stephens Group Asset Management LLC now owns 938,241 shares of the company’s stock valued at $112,495,000 after purchasing an additional 128,308 shares in the last quarter. PNC Financial Services Group Inc. raised its position in iShares Russell 2000 Value ETF by 4.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 924,458 shares of the company’s stock valued at $99,418,000 after purchasing an additional 36,087 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in iShares Russell 2000 Value ETF by 8.1% during the fourth quarter. Victory Capital Management Inc. now owns 810,119 shares of the company’s stock valued at $87,120,000 after purchasing an additional 60,439 shares in the last quarter.

NYSEARCA IWN traded down $0.01 during trading hours on Thursday, reaching $123.51. 97,914 shares of the stock traded hands, compared to its average volume of 890,931. iShares Russell 2000 Value ETF has a 1 year low of $101.57 and a 1 year high of $137.85.

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, March 21st were given a dividend of $0.517 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $2.07 dividend on an annualized basis and a yield of 1.67%.

TRADEMARK VIOLATION WARNING: “Betterment LLC Sells 9,758 Shares of iShares Russell 2000 Value ETF (IWN)” was posted by WKRB News and is owned by of WKRB News. If you are viewing this news story on another domain, it was stolen and republished in violation of US and international copyright laws. The correct version of this news story can be accessed at https://www.wkrb13.com/2019/04/11/betterment-llc-sells-9758-shares-of-ishares-russell-2000-value-etf-iwn.html.

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.

Recommended Story: What is Considered a Good Return on Equity (ROE)?

Want to see what other hedge funds are holding IWN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Russell 2000 Value ETF (NYSEARCA:IWN).

Institutional Ownership by Quarter for iShares Russell 2000 Value ETF (NYSEARCA:IWN)

Receive News & Ratings for iShares Russell 2000 Value ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Russell 2000 Value ETF and related companies with MarketBeat.com's FREE daily email newsletter.