Madrid Wealth Management LLC Invests $538,000 in iShares Russell 2000 Growth ETF $IWO

Madrid Wealth Management LLC bought a new stake in iShares Russell 2000 Growth ETF (NYSEARCA:IWO) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 1,715 shares of the exchange traded fund’s stock, valued at approximately $538,000.

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

iShares Russell 2000 Growth ETF Stock Down 0.9%

Shares of NYSEARCA:IWO opened at $388.31 on Friday. iShares Russell 2000 Growth ETF has a twelve month low of $280.35 and a twelve month high of $396.69. The stock’s 50 day moving average is $371.47 and its 200-day moving average is $345.71. The firm has a market capitalization of $15.03 billion, a price-to-earnings 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.