Cassaday & Co Wealth Management LLC Boosts Position in iShares Russell 2000 Growth ETF $IWO

Cassaday & Co Wealth Management LLC lifted its stake in shares of iShares Russell 2000 Growth ETF (NYSEARCA:IWO) by 1.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 935,475 shares of the exchange traded fund’s stock after acquiring an additional 13,806 shares during the quarter. iShares Russell 2000 Growth ETF makes up approximately 6.3% of Cassaday & Co Wealth Management LLC’s holdings, making the stock its 4th biggest position. Cassaday & Co Wealth Management LLC owned about 2.42% of iShares Russell 2000 Growth ETF worth $293,561,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Modus Advisors LLC purchased a new position in iShares Russell 2000 Growth ETF during the fourth quarter valued at approximately $26,000. Strive Financial Group LLC bought a new position in shares of iShares Russell 2000 Growth ETF in the fourth quarter worth approximately $26,000. Johnson Financial Group Inc. increased its stake in shares of iShares Russell 2000 Growth ETF by 500.0% in the fourth quarter. Johnson Financial Group Inc. now owns 90 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 75 shares in the last quarter. TD Capital Management LLC purchased a new stake in shares of iShares Russell 2000 Growth ETF in the fourth quarter worth $30,000. Finally, Ascentis Independent Advisors bought a new stake in shares of iShares Russell 2000 Growth ETF during the 1st quarter valued at $32,000. 74.88% of the stock is owned by hedge funds and other institutional investors.

iShares Russell 2000 Growth ETF Stock Performance

IWO opened at $374.09 on Tuesday. iShares Russell 2000 Growth ETF has a fifty-two week low of $280.35 and a fifty-two week high of $396.69. The firm’s fifty day moving average is $379.25 and its 200 day moving average is $351.89. The stock has a market cap of $14.61 billion, a price-to-earnings ratio of 21.86 and a beta of 1.18.

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.