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

On November 28th, 2024, it was reported that Kingsview Wealth Management LLC has significantly increased its investment in the iShares Russell 2000 Value ETF (NYSEARCA:IWN). During the third quarter, the firm raised its stake by 21.0%, bringing its total ownership to 4,585 shares. This change resulted from an additional purchase of 796 shares in the ETF within that quarter, leading to an estimated value of $765,000 as per the latest filing submitted to the Securities and Exchange Commission.

In addition to Kingsview, numerous institutional investors have also adjusted their holdings in the iShares Russell 2000 Value ETF. For example, Vanguard Group Inc. has raised its ownership by 0.9% in the first quarter, acquiring a total of 10,861 shares worth approximately $1,725,000 after obtaining an additional 95 shares. B. Riley Wealth Advisors Inc. reported a 7.1% increase in its holdings, now owning 2,573 shares valued at $409,000 with the recent addition of 170 shares. Furthermore, Comerica Bank enhanced its position by a slight 0.3%, resulting in ownership of 117,358 shares valued at around $18,638,000 after acquiring 380 shares recently.

Market Performance of iShares Russell 2000 Value ETF

As of the last trading session, the iShares Russell 2000 Value ETF was observed to be trading up by 0.2%, opening at $180.14. Over the past year, the ETF has seen a low of $136.85 and a high of $183.51. Currently, its 50-day moving average is positioned at $169.59, while the 200-day moving average is at $162.45. The market capitalization of the ETF stands at approximately $13.78 billion, accompanied by a price-to-earnings (PE) ratio of 10.79 and a beta of 1.17, indicating its volatility compared to the market.

Overview of the iShares Russell 2000 Value ETF

The iShares Russell 2000 Value ETF is an exchange-traded fund (ETF) aiming to reflect the price and yield performance of the Russell 2000 Value Index. This index measures the performance of smaller company stocks within the Russell 2000 Index that have relatively lower price-to-book ratios and lower expected growth, making it an essential tool for investors looking to tap into the dynamics of smaller value stocks.

Investing Insights

For those interested in exploring other investment opportunities, it's worth investigating five stocks that may provide better returns than the iShares Russell 2000 Value ETF. Additionally, understanding the significance of ex-dividend dates is crucial for maximizing investment returns. As the market continues to evolve, strategies such as investing in small-cap stocks and considering the implications of tariffs on international trade are valuable insights for investors.

investment, ETFs, finance