Brown Wealth Management LLC Cuts Stock Holdings in iShares Russell 2000 Growth ETF (NYSEARCA:IWO)

Brown Wealth Management LLC reduced its stake in iShares Russell 2000 Growth ETF (NYSEARCA:IWO) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,323 shares of the exchange traded fund’s stock after selling 68 shares during the quarter. Brown Wealth Management LLC’s holdings in iShares Russell 2000 Growth ETF were worth $669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Bank of America Corp DE raised its position in shares of iShares Russell 2000 Growth ETF by 3.8% during the 4th quarter. Bank of America Corp DE now owns 3,630,750 shares of the exchange traded fund’s stock valued at $1,045,003,000 after buying an additional 133,560 shares in the last quarter. Bearing Point Capital LLC purchased a new stake in iShares Russell 2000 Growth ETF during the fourth quarter valued at about $528,000. Benjamin Edwards Inc. bought a new stake in iShares Russell 2000 Growth ETF during the fourth quarter worth about $397,000. Ameriprise Financial Inc. boosted its holdings in shares of iShares Russell 2000 Growth ETF by 18.7% in the 4th quarter. Ameriprise Financial Inc. now owns 127,723 shares of the exchange traded fund’s stock worth $36,764,000 after purchasing an additional 20,143 shares in the last quarter. Finally, Aptus Capital Advisors LLC boosted its holdings in shares of iShares Russell 2000 Growth ETF by 8.1% in the 4th quarter. Aptus Capital Advisors LLC now owns 1,718 shares of the exchange traded fund’s stock worth $494,000 after purchasing an additional 129 shares in the last quarter.

iShares Russell 2000 Growth ETF Trading Up 2.4 %

Shares of NYSEARCA IWO opened at $261.57 on Friday. The stock’s 50-day moving average is $253.99 and its 200 day moving average is $281.86. The stock has a market cap of $11.01 billion, a price-to-earnings ratio of 20.25 and a beta of 1.16. iShares Russell 2000 Growth ETF has a 1-year low of $219.19 and a 1-year high of $317.62.

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.