Confluence Wealth Services Inc. Increases Position in iShares Russell 2000 Growth ETF $IWO

Confluence Wealth Services Inc. increased its stake in shares of iShares Russell 2000 Growth ETF (NYSEARCA:IWO) by 6.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,527 shares of the exchange traded fund’s stock after buying an additional 3,439 shares during the period. iShares Russell 2000 Growth ETF comprises 0.8% of Confluence Wealth Services Inc.’s portfolio, making the stock its 19th largest holding. Confluence Wealth Services Inc. owned 0.13% of iShares Russell 2000 Growth ETF worth $15,301,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IWO. WPG Advisers LLC purchased a new stake in shares of iShares Russell 2000 Growth ETF during the 1st quarter worth approximately $25,000. Cedar Mountain Advisors LLC boosted its position in iShares Russell 2000 Growth ETF by 137.5% during the first quarter. Cedar Mountain Advisors LLC now owns 114 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 66 shares in the last quarter. Financial Gravity Asset Management Inc. acquired a new stake in iShares Russell 2000 Growth ETF in the first quarter valued at $34,000. Bernard Wealth Management Corp. increased its position in shares of iShares Russell 2000 Growth ETF by 118.5% in the first quarter. Bernard Wealth Management Corp. now owns 142 shares of the exchange traded fund’s stock valued at $36,000 after buying an additional 77 shares in the last quarter. Finally, Dagco Inc. purchased a new position in shares of iShares Russell 2000 Growth ETF in the first quarter valued at $38,000. 74.88% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell 2000 Growth ETF Stock Up 0.6%

iShares Russell 2000 Growth ETF stock opened at $325.46 on Monday. The firm has a market capitalization of $13.15 billion, a PE ratio of 21.86 and a beta of 1.15. iShares Russell 2000 Growth ETF has a 52 week low of $219.19 and a 52 week high of $328.69. The firm’s 50-day simple moving average is $306.91 and its 200 day simple moving average is $281.78.

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.