iShares Russell 2000 Growth ETF (NYSEARCA:IWO) Shares Up 1.7% After Dividend Announcement

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iShares Russell 2000 Growth ETF (NYSEARCA:IWO) shot up 1.7% during mid-day trading on Wednesday following a dividend announcement from the company. The company traded as high as $152.06 and last traded at $154.43, 9,564 shares were traded during mid-day trading. A decline of 99% from the average session volume of 683,549 shares. The stock had previously closed at $151.87.

The newly announced dividend which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 26th will be given a dividend of $0.3193 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Wednesday, March 25th.

The business has a 50-day moving average of $192.36 and a 200 day moving average of $202.32.

A number of institutional investors have recently bought and sold shares of IWO. FMR LLC grew its holdings in iShares Russell 2000 Growth ETF by 41.0% in the 4th quarter. FMR LLC now owns 755,831 shares of the exchange traded fund’s stock valued at $161,914,000 after buying an additional 219,627 shares during the period. Noven Financial Group Inc. purchased a new stake in iShares Russell 2000 Growth ETF in the 4th quarter valued at about $26,654,000. Advisors Preferred LLC purchased a new stake in iShares Russell 2000 Growth ETF in the 4th quarter valued at about $12,686,000. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of iShares Russell 2000 Growth ETF during the 4th quarter worth about $11,287,000. Finally, Rice Hall James & Associates LLC grew its holdings in shares of iShares Russell 2000 Growth ETF by 2,044.4% during the 4th quarter. Rice Hall James & Associates LLC now owns 54,768 shares of the exchange traded fund’s stock worth $11,732,000 after purchasing an additional 52,214 shares during the period.

About iShares Russell 2000 Growth ETF (NYSEARCA:IWO)

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.

Further Reading: How much can an individual set aside as a catch-up contribution?

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