Merit Financial Group LLC Sells 2,532 Shares of iShares Russell Top 200 Growth ETF $IWY

Merit Financial Group LLC reduced its stake in iShares Russell Top 200 Growth ETF (NYSEARCA:IWY) by 2.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 97,027 shares of the company’s stock after selling 2,532 shares during the period. Merit Financial Group LLC owned about 0.17% of iShares Russell Top 200 Growth ETF worth $28,198,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in IWY. AQR Capital Management LLC increased its position in iShares Russell Top 200 Growth ETF by 3.4% during the 1st quarter. AQR Capital Management LLC now owns 3,915 shares of the company’s stock worth $826,000 after purchasing an additional 127 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in iShares Russell Top 200 Growth ETF by 77.5% in the first quarter. Goldman Sachs Group Inc. now owns 102,914 shares of the company’s stock valued at $21,709,000 after buying an additional 44,918 shares in the last quarter. Ieq Capital LLC boosted its position in iShares Russell Top 200 Growth ETF by 11.9% in the second quarter. Ieq Capital LLC now owns 15,255 shares of the company’s stock valued at $3,760,000 after buying an additional 1,626 shares in the last quarter. Darwin Wealth Management LLC bought a new stake in shares of iShares Russell Top 200 Growth ETF during the second quarter worth $3,695,000. Finally, Bank of America Corp DE grew its stake in shares of iShares Russell Top 200 Growth ETF by 0.9% during the second quarter. Bank of America Corp DE now owns 2,209,077 shares of the company’s stock worth $544,560,000 after buying an additional 19,978 shares during the last quarter.

iShares Russell Top 200 Growth ETF Stock Performance

Shares of NYSEARCA:IWY opened at $290.14 on Thursday. The company has a fifty day moving average of $284.32 and a 200-day moving average of $275.61. The company has a market capitalization of $16.58 billion, a PE ratio of 35.13 and a beta of 1.17. iShares Russell Top 200 Growth ETF has a 52-week low of $238.75 and a 52-week high of $303.12.

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. The Fund invests in a representative sample of securities included in the Growth Index that collectively has an investment profile similar to the Growth Index.