M3 Wealth Management LLC Takes Position in iShares Russell 2000 Growth ETF $IWO

M3 Wealth Management LLC acquired a new stake in shares of iShares Russell 2000 Growth ETF (NYSEARCA:IWO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,661 shares of the exchange traded fund’s stock, valued at approximately $537,000.

A number of other hedge funds have also recently made changes to their positions in IWO. AQR Capital Management LLC grew its holdings in shares of iShares Russell 2000 Growth ETF by 20.0% during the first quarter. AQR Capital Management LLC now owns 11,492 shares of the exchange traded fund’s stock valued at $2,937,000 after buying an additional 1,918 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of iShares Russell 2000 Growth ETF by 358.6% during the first quarter. Rhumbline Advisers now owns 743 shares of the exchange traded fund’s stock valued at $190,000 after buying an additional 581 shares during the last quarter. State Street Corp bought a new position in shares of iShares Russell 2000 Growth ETF during the second quarter valued at about $84,862,000. Sei Investments Co. lifted its position in shares of iShares Russell 2000 Growth ETF by 8.7% during the second quarter. Sei Investments Co. now owns 182,224 shares of the exchange traded fund’s stock valued at $52,093,000 after purchasing an additional 14,563 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in shares of iShares Russell 2000 Growth ETF during the second quarter valued at about $62,237,000. 74.88% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell 2000 Growth ETF Price Performance

IWO opened at $379.69 on Wednesday. The company’s 50-day moving average is $343.93 and its 200 day moving average is $335.83. iShares Russell 2000 Growth ETF has a fifty-two week low of $266.77 and a fifty-two week high of $380.25. The firm has a market capitalization of $14.69 billion, a P/E ratio of 21.86 and a beta of 1.19.

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. It is a subset of the Russell 2000 Index, which measures the performance of the small-capitalization sector of the United States equity market.