Royal Bank of Canada Trims Position in iShares Russell 2000 Growth ETF $IWO

Royal Bank of Canada decreased its holdings in shares of iShares Russell 2000 Growth ETF (NYSEARCA:IWO) by 1.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 374,869 shares of the exchange traded fund’s stock after selling 4,678 shares during the period. Royal Bank of Canada’s holdings in iShares Russell 2000 Growth ETF were worth $117,637,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in IWO. AQR Capital Management LLC grew its holdings in iShares Russell 2000 Growth ETF by 20.0% in the 1st quarter. AQR Capital Management LLC now owns 11,492 shares of the exchange traded fund’s stock valued at $2,937,000 after buying an additional 1,918 shares during the period. Rhumbline Advisers lifted its holdings in shares of iShares Russell 2000 Growth ETF by 358.6% during the 1st quarter. Rhumbline Advisers now owns 743 shares of the exchange traded fund’s stock worth $190,000 after acquiring an additional 581 shares during the period. State Street Corp purchased a new position in shares of iShares Russell 2000 Growth ETF during the 2nd quarter worth about $84,862,000. Sei Investments Co. lifted its holdings in shares of iShares Russell 2000 Growth ETF by 8.7% during the 2nd quarter. Sei Investments Co. now owns 182,224 shares of the exchange traded fund’s stock worth $52,093,000 after acquiring an additional 14,563 shares during the period. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of iShares Russell 2000 Growth ETF in the second quarter worth approximately $62,237,000. Hedge funds and other institutional investors own 74.88% of the company’s stock.

iShares Russell 2000 Growth ETF Stock Performance

iShares Russell 2000 Growth ETF stock opened at $373.48 on Friday. iShares Russell 2000 Growth ETF has a 1 year low of $280.35 and a 1 year high of $396.69. The firm has a 50 day moving average price of $380.65 and a 200 day moving average price of $354.16. The company has a market cap of $14.42 billion, a price-to-earnings ratio of 21.86 and a beta of 1.18.

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. It is a subset of the Russell 2000 Index, which measures the performance of the small-capitalization sector of the United States equity market.