PFG Private Wealth Management LLC Takes $720,000 Position in iShares Russell 2000 Growth ETF $IWO

PFG Private Wealth Management LLC bought a new stake in iShares Russell 2000 Growth ETF (NYSEARCA:IWO) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,248 shares of the exchange traded fund’s stock, valued at approximately $720,000.

A number of other institutional investors have also added to or reduced their stakes in IWO. Assetmark Inc. grew its position in shares of iShares Russell 2000 Growth ETF by 1,011.0% in the 3rd quarter. Assetmark Inc. now owns 26,043 shares of the exchange traded fund’s stock valued at $8,335,000 after acquiring an additional 23,699 shares during the period. Connable Office Inc. bought a new stake in shares of iShares Russell 2000 Growth ETF in the 3rd quarter valued at about $1,617,000. Echo45 Advisors LLC lifted its stake in iShares Russell 2000 Growth ETF by 1.3% in the 3rd quarter. Echo45 Advisors LLC now owns 11,679 shares of the exchange traded fund’s stock valued at $3,738,000 after purchasing an additional 151 shares during the last quarter. Savvy Advisors Inc. bought a new position in iShares Russell 2000 Growth ETF during the third quarter worth about $312,000. Finally, Allegheny Financial Group grew its holdings in iShares Russell 2000 Growth ETF by 2.1% during the third quarter. Allegheny Financial Group now owns 3,138 shares of the exchange traded fund’s stock worth $1,004,000 after purchasing an additional 65 shares during the period. 74.88% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell 2000 Growth ETF Stock Down 0.6%

NYSEARCA:IWO opened at $339.07 on Thursday. iShares Russell 2000 Growth ETF has a 12-month low of $219.19 and a 12-month high of $355.34. The firm has a market capitalization of $13.44 billion, a price-to-earnings ratio of 21.86 and a beta of 1.17. The stock’s 50 day moving average price is $336.76 and its two-hundred day moving average price is $322.25.

About iShares Russell 2000 Growth ETF

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. It is a subset of the Russell 2000 Index, which measures the performance of the small-capitalization sector of the United States equity market.