Mayflower Financial Advisors LLC Trims Position in iShares Russell 2000 Value ETF

Mayflower Financial Advisors LLC has reduced its holdings in the iShares Russell 2000 Value ETF (NYSEARCA:IWN) by 7.4% during the third quarter, as disclosed in the firm's latest Form 13F filing with the Securities & Exchange Commission. The advisory firm's decision led to the sale of 209 shares, leaving it with a total of 2,613 shares in the exchange traded fund. The value of Mayflower Financial Advisors LLC's investment in the ETF stood at approximately $354,000 by the quarter's end.

Investor Activity in iShares Russell 2000 Value ETF

Among other updates in investment activities, several institutional investors and hedge funds have also adjusted their stakes in the iShares Russell 2000 Value ETF. JFS Wealth Advisors LLC increased its position by 2.4% in the second quarter. IHT Wealth Management LLC added 76 new shares, boosting its stake by 5.7% in the first quarter. Private Trust Co. NA and E&G Advisors LP saw similar uplifts in their holdings, with increases of 3.2% and 1.5% respectively during the second quarter. Curtis Advisory Group LLC's stake went up by 2.6% in the same period.

Performance and Market Standing of iShares Russell 2000 Value ETF

The ETF opened at $156.06, displaying an increase in value. Its 50-day and 200-day moving average prices are $136.93 and $140.05 respectively. The ETF maintains a year-to-year window with a low of $124.97 and a high of $157.65, while holding a market capitalization of $12.52 billion. With a P/E ratio of 9.40 and a beta of 1.15, the fund shows consistent market performance.

About iShares Russell 2000 Value ETF

The iShares Russell 2000 Value ETF aims to track the investment results corresponding to the Russell 2000 Value Index, which gauges the performance of the equity securities belonging to the Russell 2000 Index that possess lower price-to-book ratios and are expected to grow modestly.

Mayflower, IWN, ETF