Summit Creek Advisors LLC Invests $4.60 Million in iShares Russell 2000 Growth ETF $IWO

Summit Creek Advisors LLC acquired a new position in iShares Russell 2000 Growth ETF (NYSEARCA:IWO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,242 shares of the exchange traded fund’s stock, valued at approximately $4,600,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Bank of America Corp DE lifted its stake in shares of iShares Russell 2000 Growth ETF by 2.2% in 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 buying an additional 84,573 shares during the last quarter. Envestnet Asset Management Inc. increased its position in iShares Russell 2000 Growth ETF by 1.4% during the third quarter. Envestnet Asset Management Inc. now owns 1,067,852 shares of the exchange traded fund’s stock worth $341,755,000 after acquiring an additional 15,090 shares during the period. JPMorgan Chase & Co. increased its position in iShares Russell 2000 Growth ETF by 73.3% during the third quarter. JPMorgan Chase & Co. now owns 975,628 shares of the exchange traded fund’s stock worth $312,240,000 after acquiring an additional 412,741 shares during the period. Cassaday & Co Wealth Management LLC increased its position in iShares Russell 2000 Growth ETF by 1.2% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 921,669 shares of the exchange traded fund’s stock worth $297,708,000 after acquiring an additional 10,522 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in iShares Russell 2000 Growth ETF by 2.4% during the third quarter. PNC Financial Services Group Inc. now owns 621,484 shares of the exchange traded fund’s stock worth $198,900,000 after acquiring an additional 14,460 shares during the period. 74.88% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell 2000 Growth ETF Trading Up 2.8%

Shares of IWO stock opened at $363.17 on Thursday. iShares Russell 2000 Growth ETF has a 1 year low of $262.24 and a 1 year high of $375.70. The firm’s fifty day simple moving average is $339.71 and its 200 day simple moving average is $334.52. The firm has a market capitalization of $14.05 billion, a P/E ratio of 21.86 and a beta of 1.19.

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. It is a subset of the Russell 2000 Index, which measures the performance of the small-capitalization sector of the United States equity market.