MMA Asset Management LLC Cuts Position in iShares Russell 2000 Growth ETF $IWO

MMA Asset Management LLC decreased its stake in iShares Russell 2000 Growth ETF (NYSEARCA:IWO) by 28.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,964 shares of the exchange traded fund’s stock after selling 1,585 shares during the period. MMA Asset Management LLC’s holdings in iShares Russell 2000 Growth ETF were worth $1,269,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Laurel Wealth Advisors LLC lifted its position in shares of iShares Russell 2000 Growth ETF by 27,615.2% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 363,900 shares of the exchange traded fund’s stock valued at $104,024,000 after acquiring an additional 362,587 shares during the period. State Street Corp acquired a new stake in shares of iShares Russell 2000 Growth ETF in the 2nd quarter worth approximately $84,862,000. The Manufacturers Life Insurance Company purchased a new position in iShares Russell 2000 Growth ETF in the 2nd quarter valued at approximately $62,237,000. TimesSquare Capital Management LLC acquired a new position in iShares Russell 2000 Growth ETF during the second quarter worth $24,298,000. Finally, Bank of America Corp DE raised its holdings in iShares Russell 2000 Growth ETF by 2.2% during the second quarter. Bank of America Corp DE now owns 3,933,648 shares of the exchange traded fund’s stock worth $1,124,473,000 after purchasing an additional 84,573 shares during the last quarter. Hedge funds and other institutional investors own 74.88% of the company’s stock.

iShares Russell 2000 Growth ETF Stock Performance

iShares Russell 2000 Growth ETF stock opened at $339.48 on Friday. The firm has a market capitalization of $13.46 billion, a price-to-earnings ratio of 21.86 and a beta of 1.17. iShares Russell 2000 Growth ETF has a fifty-two week low of $219.19 and a fifty-two week high of $355.34. The stock’s fifty day moving average is $335.77 and its two-hundred day moving average is $321.06.

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.