iShares Russell 2000 Growth ETF (NYSEARCA:IWO) Position Raised by Powell Investment Advisors LLC

Powell Investment Advisors LLC boosted its holdings in shares of iShares Russell 2000 Growth ETF (NYSEARCA:IWO) by 2.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 46,963 shares of the exchange traded fund’s stock after buying an additional 954 shares during the period. iShares Russell 2000 Growth ETF makes up approximately 6.3% of Powell Investment Advisors LLC’s investment portfolio, making the stock its 4th biggest position. Powell Investment Advisors LLC’s holdings in iShares Russell 2000 Growth ETF were worth $13,517,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Clarius Group LLC purchased a new position in shares of iShares Russell 2000 Growth ETF during the third quarter worth about $204,000. Valeo Financial Advisors LLC lifted its position in iShares Russell 2000 Growth ETF by 2.5% during the third quarter. Valeo Financial Advisors LLC now owns 5,751 shares of the exchange traded fund’s stock valued at $1,633,000 after purchasing an additional 142 shares during the last quarter. Carnegie Investment Counsel grew its stake in iShares Russell 2000 Growth ETF by 10.7% in the 3rd quarter. Carnegie Investment Counsel now owns 9,181 shares of the exchange traded fund’s stock worth $2,607,000 after buying an additional 886 shares in the last quarter. Concourse Financial Group Securities Inc. increased its holdings in shares of iShares Russell 2000 Growth ETF by 4.7% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 1,562 shares of the exchange traded fund’s stock worth $444,000 after buying an additional 70 shares during the last quarter. Finally, Shaker Investments LLC OH purchased a new stake in shares of iShares Russell 2000 Growth ETF during the 3rd quarter valued at $210,000.

iShares Russell 2000 Growth ETF Stock Performance

NYSEARCA IWO opened at $296.20 on Monday. iShares Russell 2000 Growth ETF has a 52-week low of $242.92 and a 52-week high of $317.62. The company has a fifty day moving average of $297.34 and a 200-day moving average of $288.41. The company has a market capitalization of $12.35 billion, a P/E ratio of 16.25 and a beta of 1.31.

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.