Montecito Bank & Trust Invests $3.81 Million in iShares Russell 2000 Growth ETF $IWO

Montecito Bank & Trust purchased a new stake in iShares Russell 2000 Growth ETF (NYSEARCA:IWO) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,912 shares of the exchange traded fund’s stock, valued at approximately $3,812,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IWO. First Command Advisory Services Inc. purchased a new position in iShares Russell 2000 Growth ETF in the second quarter worth $27,000. WPG Advisers LLC acquired a new position in shares of iShares Russell 2000 Growth ETF during the 1st quarter worth $25,000. Harbor Asset Planning Inc. acquired a new position in shares of iShares Russell 2000 Growth ETF during the 2nd quarter worth $32,000. Howe & Rusling Inc. purchased a new position in shares of iShares Russell 2000 Growth ETF in the 2nd quarter valued at about $36,000. Finally, Wealth Preservation Advisors LLC purchased a new position in shares of iShares Russell 2000 Growth ETF in the 1st quarter valued at about $55,000. Institutional investors and hedge funds own 74.88% of the company’s stock.

iShares Russell 2000 Growth ETF Trading Down 1.7%

Shares of IWO opened at $321.75 on Thursday. iShares Russell 2000 Growth ETF has a twelve month low of $219.19 and a twelve month high of $339.82. The firm has a market capitalization of $12.92 billion, a P/E ratio of 21.86 and a beta of 1.17. The firm’s 50-day moving average is $324.61 and its two-hundred day moving average is $307.35.

iShares Russell 2000 Growth ETF 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.