United Capital Financial Advisers LLC cut its stake in iShares Russell 2000 Growth ETF (NYSEARCA:IWO) by 45.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 47,146 shares of the exchange traded fund’s stock after selling 39,097 shares during the period. United Capital Financial Advisers LLC’s holdings in iShares Russell 2000 Growth ETF were worth $9,470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the company. Meridian Wealth Management LLC bought a new position in iShares Russell 2000 Growth ETF during the first quarter worth about $64,000. Farmers National Bank bought a new position in iShares Russell 2000 Growth ETF during the first quarter worth about $26,000. Westside Investment Management Inc. bought a new position in iShares Russell 2000 Growth ETF during the second quarter worth about $30,000. SRS Capital Advisors Inc. bought a new position in iShares Russell 2000 Growth ETF during the second quarter worth about $39,000. Finally, Roble Belko & Company Inc bought a new position in iShares Russell 2000 Growth ETF during the first quarter worth about $39,000.

NYSEARCA:IWO traded up $0.17 during mid-day trading on Friday, reaching $201.66. 622,358 shares of the company’s stock were exchanged, compared to its average volume of 560,797. iShares Russell 2000 Growth ETF has a one year low of $156.03 and a one year high of $219.50. The business’s fifty day simple moving average is $196.60 and its two-hundred day simple moving average is $197.84.

iShares Russell 2000 Growth ETF Company Profile

iShares Russell 2000 Growth ETF (the Fund) is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Russell 2000 Growth Index (the Index). The Index measures the performance of the small-capitalization growth sector of the United States equity market.

See Also: Market Capitalization – What it Means for Investors

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

Institutional Ownership by Quarter for iShares Russell 2000 Growth ETF (NYSEARCA:IWO)

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