Kovack Advisors Inc. Sells 3,504 Shares of iShares Russell Top 200 Growth ETF (NYSEARCA:IWY)

Kovack Advisors Inc. trimmed its holdings in shares of iShares Russell Top 200 Growth ETF (NYSEARCA:IWY) by 6.4% during the fourth quarter, HoldingsChannel reports. The fund owned 50,935 shares of the company’s stock after selling 3,504 shares during the quarter. iShares Russell Top 200 Growth ETF comprises 1.2% of Kovack Advisors Inc.’s holdings, making the stock its 11th largest position. Kovack Advisors Inc.’s holdings in iShares Russell Top 200 Growth ETF were worth $11,983,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. DHJJ Financial Advisors Ltd. grew its holdings in iShares Russell Top 200 Growth ETF by 3,600.0% during the 4th quarter. DHJJ Financial Advisors Ltd. now owns 148 shares of the company’s stock worth $35,000 after acquiring an additional 144 shares during the last quarter. Rosenberg Matthew Hamilton bought a new stake in iShares Russell Top 200 Growth ETF during the 3rd quarter worth approximately $36,000. HHM Wealth Advisors LLC bought a new stake in iShares Russell Top 200 Growth ETF during the 4th quarter worth approximately $49,000. Sunbelt Securities Inc. bought a new stake in iShares Russell Top 200 Growth ETF during the 3rd quarter worth approximately $46,000. Finally, FPC Investment Advisory Inc. bought a new stake in iShares Russell Top 200 Growth ETF during the 4th quarter worth approximately $57,000.

iShares Russell Top 200 Growth ETF Stock Performance

Shares of NYSEARCA IWY opened at $232.39 on Thursday. The company has a market capitalization of $13.85 billion, a P/E ratio of 37.65 and a beta of 1.08. iShares Russell Top 200 Growth ETF has a 52-week low of $182.98 and a 52-week high of $245.04. The company’s 50 day moving average price is $238.13 and its 200-day moving average price is $227.95.

iShares Russell Top 200 Growth ETF Profile

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.