Fred Alger Management LLC Raises Position in iShares Russell 2000 Growth ETF (NYSEARCA:IWO)

Fred Alger Management LLC raised its holdings in shares of iShares Russell 2000 Growth ETF (NYSEARCA:IWO) by 226.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 284 shares of the exchange traded fund’s stock after buying an additional 197 shares during the quarter. Fred Alger Management LLC’s holdings in iShares Russell 2000 Growth ETF were worth $81,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. HighMark Wealth Management LLC purchased a new stake in shares of iShares Russell 2000 Growth ETF during the 2nd quarter valued at $26,000. Riverview Trust Co purchased a new stake in iShares Russell 2000 Growth ETF in the second quarter worth approximately $28,000. PSI Advisors LLC bought a new position in iShares Russell 2000 Growth ETF during the third quarter valued at approximately $28,000. GPS Wealth Strategies Group LLC raised its stake in shares of iShares Russell 2000 Growth ETF by 290.0% during the second quarter. GPS Wealth Strategies Group LLC now owns 117 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 87 shares in the last quarter. Finally, Richardson Financial Services Inc. lifted its holdings in shares of iShares Russell 2000 Growth ETF by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 144 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 72 shares during the last quarter.

iShares Russell 2000 Growth ETF Stock Performance

IWO stock opened at $315.36 on Monday. The firm has a market cap of $13.15 billion, a P/E ratio of 16.25 and a beta of 1.31. The firm’s fifty day moving average is $292.38 and its 200 day moving average is $277.39. iShares Russell 2000 Growth ETF has a 52 week low of $224.36 and a 52 week high of $317.62.

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.