Northwestern Mutual Wealth Management Co. Grows Position in iShares Russell 2000 Growth ETF $IWO

Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares Russell 2000 Growth ETF (NYSEARCA:IWO) by 6.3% during the second quarter, HoldingsChannel reports. The firm owned 161,029 shares of the exchange traded fund’s stock after purchasing an additional 9,578 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in iShares Russell 2000 Growth ETF were worth $63,439,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in IWO. CGN Advisors LLC grew its holdings in shares of iShares Russell 2000 Growth ETF by 3.2% during the second quarter. CGN Advisors LLC now owns 850 shares of the exchange traded fund’s stock valued at $335,000 after buying an additional 26 shares during the last quarter. Fulton Bank N.A. raised its stake in iShares Russell 2000 Growth ETF by 1.2% in the 2nd quarter. Fulton Bank N.A. now owns 2,417 shares of the exchange traded fund’s stock worth $952,000 after acquiring an additional 28 shares during the last quarter. OneDigital Investment Advisors LLC lifted its position in iShares Russell 2000 Growth ETF by 0.5% during the 2nd quarter. OneDigital Investment Advisors LLC now owns 6,250 shares of the exchange traded fund’s stock worth $2,462,000 after acquiring an additional 29 shares during the period. Sax Wealth Advisors LLC lifted its position in iShares Russell 2000 Growth ETF by 3.3% during the 2nd quarter. Sax Wealth Advisors LLC now owns 957 shares of the exchange traded fund’s stock worth $377,000 after acquiring an additional 31 shares during the period. Finally, jvl associates llc raised its stake in shares of iShares Russell 2000 Growth ETF by 0.5% in the second quarter. jvl associates llc now owns 6,784 shares of the exchange traded fund’s stock worth $2,673,000 after purchasing an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 74.88% of the company’s stock.

iShares Russell 2000 Growth ETF Trading Down 1.5%

IWO opened at $371.41 on Wednesday. The firm has a market capitalization of $14.34 billion, a PE ratio of 21.86 and a beta of 1.19. The firm has a 50 day moving average of $383.47 and a two-hundred day moving average of $361.03. iShares Russell 2000 Growth ETF has a 12-month low of $299.64 and a 12-month high of $396.69.

iShares Russell 2000 Growth ETF 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.