Brown Wealth Management LLC Grows Position in iShares Russell 2000 Growth ETF $IWO

Brown Wealth Management LLC increased its position in iShares Russell 2000 Growth ETF (NYSEARCA:IWO) by 38.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,770 shares of the exchange traded fund’s stock after purchasing an additional 1,045 shares during the period. Brown Wealth Management LLC’s holdings in iShares Russell 2000 Growth ETF were worth $1,078,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Quotient Wealth Partners LLC increased its position in shares of iShares Russell 2000 Growth ETF by 2.9% in the second quarter. Quotient Wealth Partners LLC now owns 1,331 shares of the exchange traded fund’s stock valued at $380,000 after acquiring an additional 37 shares during the period. Bearing Point Capital LLC grew its stake in shares of iShares Russell 2000 Growth ETF by 2.2% in the first quarter. Bearing Point Capital LLC now owns 1,876 shares of the exchange traded fund’s stock worth $479,000 after purchasing an additional 40 shares during the last quarter. Intrepid Financial Planning Group LLC grew its stake in shares of iShares Russell 2000 Growth ETF by 1.1% in the first quarter. Intrepid Financial Planning Group LLC now owns 3,849 shares of the exchange traded fund’s stock worth $984,000 after purchasing an additional 41 shares during the last quarter. IFP Advisors Inc increased its holdings in iShares Russell 2000 Growth ETF by 5.9% during the 1st quarter. IFP Advisors Inc now owns 802 shares of the exchange traded fund’s stock valued at $205,000 after purchasing an additional 45 shares during the period. Finally, Croban raised its position in iShares Russell 2000 Growth ETF by 3.2% during the 2nd quarter. Croban now owns 1,464 shares of the exchange traded fund’s stock valued at $418,000 after purchasing an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 74.88% of the company’s stock.

iShares Russell 2000 Growth ETF Stock Performance

NYSEARCA IWO opened at $306.96 on Wednesday. The stock has a market cap of $12.32 billion, a P/E ratio of 21.86 and a beta of 1.17. iShares Russell 2000 Growth ETF has a fifty-two week low of $219.19 and a fifty-two week high of $337.26. The stock has a 50 day simple moving average of $322.60 and a two-hundred day simple moving average of $299.24.

iShares Russell 2000 Growth ETF Company 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.