Independent Financial Group LLC Purchases New Position in iShares Russell 2000 Growth ETF $IWO

Independent Financial Group LLC purchased a new position in iShares Russell 2000 Growth ETF (NYSEARCA:IWO) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,965 shares of the exchange traded fund’s stock, valued at approximately $930,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Strive Financial Group LLC bought a new stake in iShares Russell 2000 Growth ETF during the fourth quarter valued at approximately $26,000. Modus Advisors LLC purchased a new stake in iShares Russell 2000 Growth ETF in the 4th quarter worth $26,000. Johnson Financial Group Inc. raised its stake in iShares Russell 2000 Growth ETF by 500.0% during the 4th quarter. Johnson Financial Group Inc. now owns 90 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 75 shares during the period. TD Capital Management LLC purchased a new position in shares of iShares Russell 2000 Growth ETF in the fourth quarter worth $30,000. Finally, Ascentis Independent Advisors purchased a new stake in iShares Russell 2000 Growth ETF in the 1st quarter worth $32,000. Institutional investors own 74.88% of the company’s stock.

iShares Russell 2000 Growth ETF Price Performance

NYSEARCA IWO opened at $374.09 on Tuesday. The business has a 50 day simple moving average of $379.25 and a two-hundred day simple moving average of $351.89. iShares Russell 2000 Growth ETF has a 1-year low of $280.35 and a 1-year high of $396.69. The stock has a market capitalization of $14.61 billion, a PE ratio of 21.86 and a beta of 1.18.

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.