Cornerstone Wealth Management LLC Increases Stock Position in iShares Russell 2000 Growth ETF (NYSEARCA:IWO)

Cornerstone Wealth Management LLC raised its holdings in iShares Russell 2000 Growth ETF (NYSEARCA:IWO) by 21.5% during the 4th quarter, Holdings Channel reports. The firm owned 3,729 shares of the exchange traded fund’s stock after purchasing an additional 660 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in iShares Russell 2000 Growth ETF were worth $1,073,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of IWO. Sanctuary Advisors LLC purchased a new position in shares of iShares Russell 2000 Growth ETF during the second quarter valued at approximately $5,049,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of iShares Russell 2000 Growth ETF during the third quarter valued at approximately $412,000. NBC Securities Inc. lifted its stake in shares of iShares Russell 2000 Growth ETF by 8.6% during the third quarter. NBC Securities Inc. now owns 3,277 shares of the exchange traded fund’s stock valued at $930,000 after buying an additional 260 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of iShares Russell 2000 Growth ETF by 45.4% during the third quarter. JPMorgan Chase & Co. now owns 495,559 shares of the exchange traded fund’s stock valued at $140,739,000 after buying an additional 154,743 shares during the period. Finally, Eagle Asset Management Inc. lifted its stake in shares of iShares Russell 2000 Growth ETF by 18.1% during the third quarter. Eagle Asset Management Inc. now owns 4,095 shares of the exchange traded fund’s stock valued at $1,268,000 after buying an additional 629 shares during the period.

iShares Russell 2000 Growth ETF Stock Performance

Shares of IWO opened at $300.73 on Friday. The company has a market capitalization of $12.54 billion, a price-to-earnings ratio of 16.25 and a beta of 1.31. The company’s 50 day simple moving average is $299.42 and its 200 day simple moving average is $286.96. iShares Russell 2000 Growth ETF has a 1 year low of $242.63 and a 1 year 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.