Arax Advisory Partners Takes Position in iShares Russell 2000 Growth ETF $IWO

Arax Advisory Partners acquired a new stake in iShares Russell 2000 Growth ETF (NYSEARCA:IWO) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 7,983 shares of the exchange traded fund’s stock, valued at approximately $2,578,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Carnegie Investment Counsel raised its holdings in shares of iShares Russell 2000 Growth ETF by 0.3% in the fourth quarter. Carnegie Investment Counsel now owns 11,869 shares of the exchange traded fund’s stock valued at $3,834,000 after purchasing an additional 30 shares during the last quarter. Strategies Wealth Advisors LLC raised its holdings in shares of iShares Russell 2000 Growth ETF by 1.2% in the third quarter. Strategies Wealth Advisors LLC now owns 2,517 shares of the exchange traded fund’s stock valued at $805,000 after purchasing an additional 31 shares during the last quarter. Veery Capital LLC raised its holdings in shares of iShares Russell 2000 Growth ETF by 0.8% in the fourth quarter. Veery Capital LLC now owns 4,051 shares of the exchange traded fund’s stock valued at $1,309,000 after purchasing an additional 31 shares during the last quarter. NBC Securities Inc. raised its holdings in shares of iShares Russell 2000 Growth ETF by 1.0% in the fourth quarter. NBC Securities Inc. now owns 3,510 shares of the exchange traded fund’s stock valued at $1,134,000 after purchasing an additional 34 shares during the last quarter. Finally, Roffman Miller Associates Inc. PA raised its holdings in shares of iShares Russell 2000 Growth ETF by 2.8% in the fourth quarter. Roffman Miller Associates Inc. PA now owns 1,267 shares of the exchange traded fund’s stock valued at $409,000 after purchasing an additional 35 shares during the last quarter. 74.88% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell 2000 Growth ETF Price Performance

NYSEARCA IWO opened at $380.39 on Monday. iShares Russell 2000 Growth ETF has a 12-month low of $272.16 and a 12-month high of $384.63. The company has a market capitalization of $14.72 billion, a PE ratio of 21.86 and a beta of 1.19. The firm’s 50 day moving average is $360.04 and its 200-day moving average is $341.55.

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.