Brown Wealth Management LLC Increases Stake in iShares Russell 2000 Growth ETF $IWO

Brown Wealth Management LLC raised its holdings in shares of iShares Russell 2000 Growth ETF (NYSEARCA:IWO) by 38.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,770 shares of the exchange traded fund’s stock after purchasing an additional 1,045 shares during the quarter. Brown Wealth Management LLC’s holdings in iShares Russell 2000 Growth ETF were worth $1,078,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WPG Advisers LLC bought a new stake in shares of iShares Russell 2000 Growth ETF in the first quarter valued at approximately $25,000. First Command Advisory Services Inc. purchased a new position in iShares Russell 2000 Growth ETF in the 2nd quarter valued at approximately $27,000. Harbor Asset Planning Inc. bought a new stake in iShares Russell 2000 Growth ETF during the 2nd quarter valued at $32,000. Dagco Inc. purchased a new stake in shares of iShares Russell 2000 Growth ETF during the first quarter worth $38,000. Finally, Wealth Preservation Advisors LLC purchased a new stake in shares of iShares Russell 2000 Growth ETF during the first quarter worth $55,000. Institutional investors own 74.88% of the company’s stock.

iShares Russell 2000 Growth ETF Stock Performance

Shares of NYSEARCA IWO opened at $306.96 on Wednesday. iShares Russell 2000 Growth ETF has a fifty-two week low of $219.19 and a fifty-two week high of $337.26. The stock has a market cap of $12.32 billion, a PE ratio of 21.86 and a beta of 1.17. The stock has a fifty day moving average of $322.60 and a 200-day moving average of $299.24.

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.