Welch & Forbes LLC Cuts Holdings in iShares Russell 2000 Growth ETF (NYSEARCA:IWO)

Welch & Forbes LLC decreased its position in iShares Russell 2000 Growth ETF (NYSEARCA:IWO) by 2.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 14,606 shares of the exchange traded fund’s stock after selling 395 shares during the period. Welch & Forbes LLC’s holdings in iShares Russell 2000 Growth ETF were worth $4,204,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IWO. Farther Finance Advisors LLC increased its holdings in iShares Russell 2000 Growth ETF by 309.5% in the third quarter. Farther Finance Advisors LLC now owns 647 shares of the exchange traded fund’s stock valued at $184,000 after buying an additional 489 shares in the last quarter. QRG Capital Management Inc. purchased a new stake in shares of iShares Russell 2000 Growth ETF during the third quarter worth about $238,000. Radnor Capital Management LLC purchased a new stake in shares of iShares Russell 2000 Growth ETF during the third quarter worth about $258,000. Concurrent Investment Advisors LLC purchased a new stake in shares of iShares Russell 2000 Growth ETF during the third quarter worth about $235,000. Finally, TFB Advisors LLC purchased a new stake in shares of iShares Russell 2000 Growth ETF during the third quarter worth about $244,000.

iShares Russell 2000 Growth ETF Stock Up 0.4 %

IWO stock opened at $264.30 on Friday. The stock has a market capitalization of $11.27 billion, a P/E ratio of 23.69 and a beta of 1.18. The firm has a 50-day simple moving average of $289.76 and a 200-day simple moving average of $289.97. iShares Russell 2000 Growth ETF has a 52 week low of $242.92 and a 52 week high of $317.62.

iShares Russell 2000 Growth ETF Company 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.