Ameritas Advisory Services LLC Lowers Stock Holdings in iShares Russell 2000 Growth ETF (NYSEARCA:IWO)

Ameritas Advisory Services LLC lowered its stake in iShares Russell 2000 Growth ETF (NYSEARCA:IWO) by 57.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,792 shares of the exchange traded fund’s stock after selling 2,389 shares during the period. Ameritas Advisory Services LLC’s holdings in iShares Russell 2000 Growth ETF were worth $503,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of IWO. Raymond James Financial Inc. purchased a new position in shares of iShares Russell 2000 Growth ETF during the 4th quarter worth approximately $159,353,000. Wealthfront Advisers LLC raised its position in iShares Russell 2000 Growth ETF by 4,483.2% in the fourth quarter. Wealthfront Advisers LLC now owns 492,787 shares of the exchange traded fund’s stock worth $141,834,000 after acquiring an additional 482,035 shares in the last quarter. FMR LLC raised its position in iShares Russell 2000 Growth ETF by 134.5% in the fourth quarter. FMR LLC now owns 664,816 shares of the exchange traded fund’s stock worth $191,347,000 after acquiring an additional 381,261 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in iShares Russell 2000 Growth ETF in the fourth quarter valued at $79,675,000. Finally, Bank of America Corp DE boosted its position in shares of iShares Russell 2000 Growth ETF by 3.8% during the 4th quarter. Bank of America Corp DE now owns 3,630,750 shares of the exchange traded fund’s stock worth $1,045,003,000 after purchasing an additional 133,560 shares in the last quarter. 74.88% of the stock is owned by institutional investors and hedge funds.

iShares Russell 2000 Growth ETF Stock Up 1.2%

Shares of IWO opened at $292.05 on Friday. iShares Russell 2000 Growth ETF has a 52-week low of $219.19 and a 52-week high of $317.62. The company has a 50-day simple moving average of $271.65 and a 200-day simple moving average of $274.24. The company has a market capitalization of $11.80 billion, a PE ratio of 20.25 and a beta of 1.15.

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.