Spire Wealth Management Raises Stock Position in iShares Russell 2000 Growth ETF $IWO

Spire Wealth Management raised its stake in shares of iShares Russell 2000 Growth ETF (NYSEARCA:IWO) by 24.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,423 shares of the exchange traded fund’s stock after acquiring an additional 666 shares during the period. Spire Wealth Management’s holdings in iShares Russell 2000 Growth ETF were worth $979,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Barings LLC lifted its stake in iShares Russell 2000 Growth ETF by 5.2% during the 1st quarter. Barings LLC now owns 1,623,850 shares of the exchange traded fund’s stock valued at $418,304,000 after acquiring an additional 79,800 shares during the period. Commonwealth Equity Services LLC lifted its stake in iShares Russell 2000 Growth ETF by 2.9% during the 1st quarter. Commonwealth Equity Services LLC now owns 512,820 shares of the exchange traded fund’s stock valued at $131,041,000 after acquiring an additional 14,451 shares during the period. D.A. Davidson & CO. lifted its stake in iShares Russell 2000 Growth ETF by 3.6% during the 2nd quarter. D.A. Davidson & CO. now owns 512,122 shares of the exchange traded fund’s stock valued at $146,395,000 after acquiring an additional 17,568 shares during the period. Royal Bank of Canada lifted its stake in iShares Russell 2000 Growth ETF by 4.5% during the 1st quarter. Royal Bank of Canada now owns 377,626 shares of the exchange traded fund’s stock valued at $96,494,000 after acquiring an additional 16,329 shares during the period. Finally, US Bancorp DE lifted its stake in iShares Russell 2000 Growth ETF by 0.7% during the 1st quarter. US Bancorp DE now owns 278,904 shares of the exchange traded fund’s stock valued at $71,268,000 after acquiring an additional 1,918 shares during the period. Institutional investors own 74.88% of the company’s stock.

iShares Russell 2000 Growth ETF Stock Performance

IWO opened at $330.69 on Friday. The stock has a market capitalization of $13.28 billion, a P/E ratio of 21.86 and a beta of 1.17. The company’s 50-day simple moving average is $320.07 and its two-hundred day simple moving average is $292.95. iShares Russell 2000 Growth ETF has a 52-week low of $219.19 and a 52-week high of $337.26.

iShares Russell 2000 Growth ETF 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.