Cwm LLC Reduces Stake in iShares Russell 2000 Growth ETF

On October 13, 2024, it was reported that Cwm LLC has reduced its position in the iShares Russell 2000 Growth ETF (NYSEARCA:IWO) by 0.9% during the third quarter of the year. According to their latest filing with the Securities and Exchange Commission, Cwm LLC now holds 16,370 shares of this exchange-traded fund, having sold 146 shares during the quarter. The current value of Cwm LLC’s investment in the iShares Russell 2000 Growth ETF stands at approximately $4.65 million.

Other institutional investors and hedge funds have also made adjustments to their stakes in the iShares Russell 2000 Growth ETF recently. For instance, Bleakley Financial Group LLC increased its investment by 0.9% in the first quarter, currently owning 4,844 shares valued at $1.31 million after acquiring an additional 42 shares. Similarly, Carmichael Hill & Associates Inc. boosted its holdings by 19.5% in the second quarter, now owning 257 shares worth about $67,000 after purchasing 42 more shares in the last quarter. Seelaus Asset Management LLC added 2.3% to its stake, reaching a total of 1,965 shares valued at $532,000 after buying 45 additional shares. Moreover, Echo45 Advisors LLC expanded its position by 0.4%, currently holding 11,164 shares worth $3.02 million following the acquisition of 47 shares. Finally, Quotient Wealth Partners LLC raised its investment in the ETF by 3.6%, having a total of 1,337 shares valued at $351,000 after acquiring 47 new shares.

Performance of iShares Russell 2000 Growth ETF

As of the latest trading session, the iShares Russell 2000 Growth ETF had an opening price of $286.28. The ETF has a 50-day moving average of $275.05 and a 200-day moving average of $267.79. The total market capitalization of the fund is approximately $11.94 billion, and it has a price-to-earnings (P/E) ratio of 16.25 with a beta value of 1.31. Over the past year, the ETF has traded as low as $203.42 and reached a high of $291.61.

About the iShares Russell 2000 Growth ETF

The iShares Russell 2000 Growth ETF is designed to track investment performance that corresponds to the price and yield of the Russell 2000 Growth Index. This index specifically measures the performance of small-cap growth stocks in the United States equity market, making the ETF popular among investors looking for exposure to this sector.

Cwm, ETF, Investment