Merit Financial Group LLC Increases Stock Holdings in iShares Russell Top 200 Growth ETF (NYSEARCA:IWY)

Merit Financial Group LLC raised its stake in iShares Russell Top 200 Growth ETF (NYSEARCA:IWY) by 12.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 89,526 shares of the company’s stock after acquiring an additional 9,776 shares during the period. Merit Financial Group LLC’s holdings in iShares Russell Top 200 Growth ETF were worth $18,885,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in IWY. DHJJ Financial Advisors Ltd. grew its position in shares of iShares Russell Top 200 Growth ETF by 3,600.0% during the fourth quarter. DHJJ Financial Advisors Ltd. now owns 148 shares of the company’s stock worth $35,000 after acquiring an additional 144 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of iShares Russell Top 200 Growth ETF by 282.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 172 shares of the company’s stock worth $40,000 after acquiring an additional 127 shares during the last quarter. NBC Securities Inc. purchased a new position in shares of iShares Russell Top 200 Growth ETF during the first quarter worth approximately $44,000. HHM Wealth Advisors LLC purchased a new position in shares of iShares Russell Top 200 Growth ETF during the fourth quarter worth approximately $49,000. Finally, Glass Jacobson Investment Advisors llc grew its position in shares of iShares Russell Top 200 Growth ETF by 25.1% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 219 shares of the company’s stock worth $52,000 after acquiring an additional 44 shares during the last quarter.

iShares Russell Top 200 Growth ETF Trading Up 0.8%

Shares of IWY opened at $233.67 on Tuesday. The firm has a market cap of $13.19 billion, a PE ratio of 32.89 and a beta of 1.15. The company’s 50 day simple moving average is $214.72 and its 200-day simple moving average is $226.65. iShares Russell Top 200 Growth ETF has a 12-month low of $180.65 and a 12-month high of $245.04.

About iShares Russell Top 200 Growth ETF

iShares Russell Top 200 Growth ETF (the Fund), formerly iShares Russell Top 200 Growth Index Fund, seeks investment results that correspond generally to the price and yield performance of the Russell Top 200 Growth Index (the Growth Index). The Growth Index is a style factor weighted index that measures the performance of the largest capitalization growth sector of the United States equity market.