Fred Alger Management LLC Purchases 197 Shares of iShares Russell 2000 Growth ETF (NYSEARCA:IWO)

Fred Alger Management LLC boosted its position in shares of iShares Russell 2000 Growth ETF (NYSEARCA:IWO) by 226.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 284 shares of the exchange traded fund’s stock after acquiring an additional 197 shares during the quarter. Fred Alger Management LLC’s holdings in iShares Russell 2000 Growth ETF were worth $81,000 at the end of the most recent quarter.

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

iShares Russell 2000 Growth ETF Stock Up 0.7 %

Shares of iShares Russell 2000 Growth ETF stock opened at $315.36 on Monday. The company has a market cap of $13.15 billion, a PE ratio of 16.25 and a beta of 1.31. The business has a 50 day moving average of $292.38 and a 200 day moving average of $277.39. iShares Russell 2000 Growth ETF has a 52 week low of $224.36 and a 52 week high of $317.62.

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.