PNC Financial Services Group Inc. Trims Stake in iShares Russell 2000 Growth ETF $IWO

PNC Financial Services Group Inc. reduced its position in iShares Russell 2000 Growth ETF (NYSEARCA:IWO) by 1.3% in the 4th quarter, Holdings Channel reports. The firm owned 613,190 shares of the exchange traded fund’s stock after selling 8,294 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares Russell 2000 Growth ETF were worth $198,067,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cloud Capital Management LLC purchased a new stake in shares of iShares Russell 2000 Growth ETF in the 3rd quarter valued at about $26,000. Caitlin John LLC purchased a new stake in shares of iShares Russell 2000 Growth ETF in the 3rd quarter valued at about $31,000. Reyes Financial Architecture Inc. purchased a new stake in shares of iShares Russell 2000 Growth ETF in the 3rd quarter valued at about $32,000. Ransom Advisory Ltd purchased a new stake in shares of iShares Russell 2000 Growth ETF in the 4th quarter valued at about $32,000. Finally, Dunhill Financial LLC lifted its holdings in shares of iShares Russell 2000 Growth ETF by 362.5% in the 4th quarter. Dunhill Financial LLC now owns 148 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 116 shares during the last quarter. 74.88% of the stock is owned by hedge funds and other institutional investors.

iShares Russell 2000 Growth ETF Stock Performance

iShares Russell 2000 Growth ETF stock opened at $363.17 on Thursday. iShares Russell 2000 Growth ETF has a fifty-two week low of $262.24 and a fifty-two week high of $375.70. The company has a market capitalization of $14.05 billion, a P/E ratio of 21.86 and a beta of 1.19. The stock has a 50-day simple moving average of $339.71 and a 200-day simple moving average of $334.52.

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.