Cetera Investment Advisers Trims Stake in iShares Russell 2000 Growth ETF $IWO

Cetera Investment Advisers cut its position in iShares Russell 2000 Growth ETF (NYSEARCA:IWO) by 5.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 230,267 shares of the exchange traded fund’s stock after selling 12,130 shares during the quarter. Cetera Investment Advisers’ holdings in iShares Russell 2000 Growth ETF were worth $72,260,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in iShares Russell 2000 Growth ETF by 2.2% during the 2nd quarter. Bank of America Corp DE now owns 3,933,648 shares of the exchange traded fund’s stock worth $1,124,473,000 after purchasing an additional 84,573 shares during the period. Morgan Stanley increased its stake in iShares Russell 2000 Growth ETF by 4.9% in the fourth quarter. Morgan Stanley now owns 2,619,371 shares of the exchange traded fund’s stock valued at $846,084,000 after purchasing an additional 123,413 shares during the period. Barings LLC increased its stake in iShares Russell 2000 Growth ETF by 2.0% in the fourth quarter. Barings LLC now owns 1,657,750 shares of the exchange traded fund’s stock valued at $540,012,000 after purchasing an additional 33,300 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of iShares Russell 2000 Growth ETF by 68.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 966,022 shares of the exchange traded fund’s stock valued at $312,035,000 after buying an additional 393,686 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC raised its holdings in shares of iShares Russell 2000 Growth ETF by 1.5% in the first quarter. Cassaday & Co Wealth Management LLC now owns 935,475 shares of the exchange traded fund’s stock valued at $293,561,000 after buying an additional 13,806 shares during the last quarter. Institutional investors and hedge funds own 74.88% of the company’s stock.

iShares Russell 2000 Growth ETF Stock Performance

Shares of IWO opened at $374.02 on Friday. iShares Russell 2000 Growth ETF has a fifty-two week low of $280.35 and a fifty-two week high of $396.69. The company has a market capitalization of $14.46 billion, a price-to-earnings ratio of 21.86 and a beta of 1.18. The firm has a 50-day simple moving average of $379.68 and a 200-day simple moving average of $353.01.

About iShares Russell 2000 Growth ETF

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.