iShares Russell 2000 Growth ETF (NYSEARCA:IWO) Shares Up 1.7% After Dividend Announcement

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iShares Russell 2000 Growth ETF (NYSEARCA:IWO) shot up 1.7% on Wednesday after the company announced a dividend. The stock traded as high as $152.06 and last traded at $154.43, 9,564 shares were traded during mid-day trading. A decline of 99% from the average session volume of 683,549 shares. The stock had previously closed at $151.87.

The newly announced dividend which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th will be issued a $0.3193 dividend. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $1.28 annualized dividend and a yield of 0.79%.

The company has a fifty day simple moving average of $192.36 and a two-hundred day simple moving average of $202.32.

Institutional investors and hedge funds have recently modified their holdings of the company. HighMark Wealth Management LLC bought a new stake in iShares Russell 2000 Growth ETF during the 4th quarter worth $40,000. Macquarie Group Ltd. grew its position in iShares Russell 2000 Growth ETF by 704.3% during the 4th quarter. Macquarie Group Ltd. now owns 2,815 shares of the exchange traded fund’s stock worth $603,000 after acquiring an additional 2,465 shares during the last quarter. TFG Advisers LLC bought a new stake in iShares Russell 2000 Growth ETF during the 4th quarter worth $253,000. 360 Financial Inc. bought a new stake in iShares Russell 2000 Growth ETF during the 4th quarter worth $1,940,000. Finally, Wealth Quarterback LLC bought a new stake in iShares Russell 2000 Growth ETF during the 4th quarter worth $26,000.

iShares Russell 2000 Growth ETF Company Profile (NYSEARCA:IWO)

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.

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