Madrid Wealth Management LLC Makes New $538,000 Investment in iShares Russell 2000 Growth ETF $IWO

Madrid Wealth Management LLC acquired a new position in iShares Russell 2000 Growth ETF (NYSEARCA:IWO) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,715 shares of the exchange traded fund’s stock, valued at approximately $538,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IWO. Bank of America Corp DE grew its stake in iShares Russell 2000 Growth ETF by 2.2% during 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 purchasing an additional 84,573 shares during the period. Morgan Stanley increased its holdings in iShares Russell 2000 Growth ETF by 4.9% in the fourth quarter. Morgan Stanley now owns 2,619,371 shares of the exchange traded fund’s stock worth $846,084,000 after purchasing an additional 123,413 shares in the last quarter. Barings LLC lifted its stake in iShares Russell 2000 Growth ETF by 2.0% in the fourth quarter. Barings LLC now owns 1,657,750 shares of the exchange traded fund’s stock valued at $540,012,000 after buying an additional 33,300 shares during the period. Goldman Sachs Group Inc. lifted its stake in iShares Russell 2000 Growth ETF by 68.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 966,022 shares of the exchange traded fund’s stock valued at $312,035,000 after buying an additional 393,686 shares during the period. Finally, Cassaday & Co Wealth Management LLC boosted its holdings in shares of iShares Russell 2000 Growth ETF by 1.2% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 921,669 shares of the exchange traded fund’s stock worth $297,708,000 after buying an additional 10,522 shares in the last quarter. 74.88% of the stock is owned by institutional investors and hedge funds.

iShares Russell 2000 Growth ETF Stock Performance

iShares Russell 2000 Growth ETF stock opened at $388.31 on Friday. The stock has a market capitalization of $15.03 billion, a price-to-earnings ratio of 21.86 and a beta of 1.19. iShares Russell 2000 Growth ETF has a 52-week low of $280.35 and a 52-week high of $396.69. The stock’s 50 day moving average price is $371.47 and its two-hundred day moving average price is $345.71.

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.