NewEdge Advisors LLC Cuts Stake in iShares Russell 2000 Growth ETF $IWO

NewEdge Advisors LLC reduced its position in iShares Russell 2000 Growth ETF (NYSEARCA:IWO) by 13.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,755 shares of the exchange traded fund’s stock after selling 4,064 shares during the quarter. NewEdge Advisors LLC owned 0.07% of iShares Russell 2000 Growth ETF worth $8,082,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Strive Financial Group LLC bought a new stake in shares of iShares Russell 2000 Growth ETF in the 4th quarter valued at about $26,000. Modus Advisors LLC bought a new position in shares of iShares Russell 2000 Growth ETF during the fourth quarter valued at approximately $26,000. Johnson Financial Group Inc. increased its holdings in iShares Russell 2000 Growth ETF by 500.0% during the fourth quarter. Johnson Financial Group Inc. now owns 90 shares of the exchange traded fund’s stock valued at $29,000 after buying an additional 75 shares during the period. TD Capital Management LLC purchased a new position in iShares Russell 2000 Growth ETF during the fourth quarter valued at approximately $30,000. Finally, Ascentis Independent Advisors bought a new position in iShares Russell 2000 Growth ETF in the first quarter worth approximately $32,000. 74.88% of the stock is owned by hedge funds and other institutional investors.

iShares Russell 2000 Growth ETF Price Performance

iShares Russell 2000 Growth ETF stock opened at $390.16 on Monday. The business has a fifty day moving average of $381.26 and a two-hundred day moving average of $355.69. The firm has a market cap of $15.06 billion, a P/E ratio of 21.86 and a beta of 1.19. iShares Russell 2000 Growth ETF has a twelve month low of $290.77 and a twelve month high of $396.69.

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