Kovack Advisors Inc. Has $11.98 Million Position in iShares Russell Top 200 Growth ETF (NYSEARCA:IWY)

Kovack Advisors Inc. trimmed its stake in shares of iShares Russell Top 200 Growth ETF (NYSEARCA:IWY) by 5.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,439 shares of the company’s stock after selling 3,312 shares during the quarter. iShares Russell Top 200 Growth ETF comprises approximately 1.3% of Kovack Advisors Inc.’s investment portfolio, making the stock its 11th biggest position. Kovack Advisors Inc. owned about 0.11% of iShares Russell Top 200 Growth ETF worth $11,979,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rosenberg Matthew Hamilton acquired a new position in iShares Russell Top 200 Growth ETF in the 3rd quarter valued at about $36,000. New Millennium Group LLC bought a new stake in shares of iShares Russell Top 200 Growth ETF during the second quarter worth approximately $39,000. Spectrum Wealth Counsel LLC acquired a new position in shares of iShares Russell Top 200 Growth ETF in the second quarter valued at approximately $39,000. VitalStone Financial LLC increased its stake in shares of iShares Russell Top 200 Growth ETF by 78.3% during the third quarter. VitalStone Financial LLC now owns 189 shares of the company’s stock worth $42,000 after purchasing an additional 83 shares during the period. Finally, BOKF NA acquired a new stake in iShares Russell Top 200 Growth ETF during the 2nd quarter worth approximately $46,000.

iShares Russell Top 200 Growth ETF Price Performance

IWY traded down $0.34 during trading on Wednesday, hitting $231.77. The stock had a trading volume of 26,464 shares, compared to its average volume of 429,708. The company has a 50 day moving average price of $219.25 and a 200-day moving average price of $211.88. iShares Russell Top 200 Growth ETF has a one year low of $166.14 and a one year high of $233.00. The firm has a market cap of $11.52 billion, a price-to-earnings ratio of 38.86 and a beta of 1.24.

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.