Birch Hill Investment Advisors LLC Makes New $204,000 Investment in iShares Russell 2000 Growth ETF (NYSEARCA:IWO)

Birch Hill Investment Advisors LLC bought a new position in iShares Russell 2000 Growth ETF (NYSEARCA:IWO) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 800 shares of the exchange traded fund’s stock, valued at approximately $204,000.

A number of other institutional investors and hedge funds have also bought and sold shares of IWO. Principal Securities Inc. increased its holdings in iShares Russell 2000 Growth ETF by 10.2% in the 4th quarter. Principal Securities Inc. now owns 7,235 shares of the exchange traded fund’s stock worth $2,082,000 after purchasing an additional 668 shares in the last quarter. Allworth Financial LP increased its stake in shares of iShares Russell 2000 Growth ETF by 5.8% in the fourth quarter. Allworth Financial LP now owns 3,766 shares of the exchange traded fund’s stock valued at $1,133,000 after buying an additional 207 shares during the period. Csenge Advisory Group increased its stake in shares of iShares Russell 2000 Growth ETF by 110.4% in the fourth quarter. Csenge Advisory Group now owns 2,439 shares of the exchange traded fund’s stock valued at $702,000 after buying an additional 1,280 shares during the period. Valmark Advisers Inc. increased its stake in shares of iShares Russell 2000 Growth ETF by 18.1% in the fourth quarter. Valmark Advisers Inc. now owns 893 shares of the exchange traded fund’s stock valued at $257,000 after buying an additional 137 shares during the period. Finally, J.W. Cole Advisors Inc. increased its stake in shares of iShares Russell 2000 Growth ETF by 16.1% in the fourth quarter. J.W. Cole Advisors Inc. now owns 6,949 shares of the exchange traded fund’s stock valued at $2,000,000 after buying an additional 963 shares during the period.

iShares Russell 2000 Growth ETF Trading Down 1.1%

Shares of IWO stock opened at $275.32 on Wednesday. The stock has a market cap of $11.08 billion, a price-to-earnings ratio of 20.25 and a beta of 1.14. The stock has a 50-day moving average of $261.99 and a 200-day moving average of $276.15. iShares Russell 2000 Growth ETF has a 1-year low of $219.19 and a 1-year high of $317.62.

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.