SVB Wealth LLC Sells 30,024 Shares of iShares Russell Top 200 Growth ETF $IWY

SVB Wealth LLC trimmed its stake in iShares Russell Top 200 Growth ETF (NYSEARCA:IWY) by 9.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 272,431 shares of the company’s stock after selling 30,024 shares during the quarter. iShares Russell Top 200 Growth ETF accounts for approximately 4.5% of SVB Wealth LLC’s holdings, making the stock its 2nd biggest holding. SVB Wealth LLC’s holdings in iShares Russell Top 200 Growth ETF were worth $67,792,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of IWY. Webster Bank N. A. bought a new stake in iShares Russell Top 200 Growth ETF in the 1st quarter valued at about $211,000. First Citizens Asset Management Inc. grew its position in iShares Russell Top 200 Growth ETF by 3.0% in the 1st quarter. First Citizens Asset Management Inc. now owns 302,820 shares of the company’s stock worth $75,354,000 after purchasing an additional 8,834 shares during the last quarter. Brookstone Capital Management increased its stake in shares of iShares Russell Top 200 Growth ETF by 3.9% in the first quarter. Brookstone Capital Management now owns 104,883 shares of the company’s stock valued at $26,099,000 after purchasing an additional 3,976 shares during the period. Henrickson Nauta Wealth Advisors Inc. acquired a new stake in shares of iShares Russell Top 200 Growth ETF in the first quarter valued at approximately $279,000. Finally, Triad Wealth Partners LLC raised its holdings in shares of iShares Russell Top 200 Growth ETF by 287.7% during the first quarter. Triad Wealth Partners LLC now owns 8,514 shares of the company’s stock valued at $2,119,000 after buying an additional 6,318 shares during the last quarter.

iShares Russell Top 200 Growth ETF Trading Down 1.3%

IWY opened at $285.04 on Tuesday. The business’s 50 day moving average is $286.21 and its 200-day moving average is $273.91. The stock has a market cap of $16.83 billion, a PE ratio of 35.13 and a beta of 1.16. iShares Russell Top 200 Growth ETF has a twelve month low of $233.40 and a twelve month high of $303.12.

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. The Fund invests in a representative sample of securities included in the Growth Index that collectively has an investment profile similar to the Growth Index.