MV Capital Management Inc. Invests $2.95 Million in iShares Russell 2000 Growth ETF $IWO

MV Capital Management Inc. acquired a new stake in shares of iShares Russell 2000 Growth ETF (NYSEARCA:IWO) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 9,119 shares of the exchange traded fund’s stock, valued at approximately $2,946,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Strive Financial Group LLC purchased a new position in iShares Russell 2000 Growth ETF in the fourth quarter worth $26,000. Modus Advisors LLC bought a new position in iShares Russell 2000 Growth ETF in the fourth quarter valued at $26,000. Johnson Financial Group Inc. raised its position in iShares Russell 2000 Growth ETF by 500.0% during the fourth quarter. Johnson Financial Group Inc. now owns 90 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 75 shares in the last quarter. Caitlin John LLC purchased a new stake in iShares Russell 2000 Growth ETF during the third quarter valued at about $31,000. Finally, Reyes Financial Architecture Inc. bought a new stake in iShares Russell 2000 Growth ETF during the third quarter worth about $32,000. Hedge funds and other institutional investors own 74.88% of the company’s stock.

iShares Russell 2000 Growth ETF Stock Up 2.4%

Shares of IWO stock opened at $389.04 on Friday. The business has a 50-day moving average price of $365.24 and a two-hundred day moving average price of $343.20. iShares Russell 2000 Growth ETF has a 12-month low of $272.16 and a 12-month high of $389.84. The firm has a market cap of $15.06 billion, a P/E ratio of 21.86 and a beta of 1.19.

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