Pointe Capital Management LLC has increased its investment in the iShares Russell 2000 Growth ETF (NYSEARCA:IWO) by 3.6% during the first quarter of the year. According to a recent filing with the Securities & Exchange Commission, the institutional investor now holds a total of 3,443 shares, having acquired an additional 120 shares in the quarter. The value of Pointe Capital’s holdings in the ETF is approximately $880,000 as reported in the latest SEC documentation.
Several other hedge funds have also adjusted their positions in the iShares Russell 2000 Growth ETF. For instance, Moors & Cabot Inc. raised its stake by 5.2% in the fourth quarter, bringing its total to 1,336 shares valued at $385,000 after purchasing an additional 66 shares. Meanwhile, Sequoia Financial Advisors LLC saw a significant increase of 40.6% in its holdings during the same period, now owning 2,279 shares valued at $656,000 after acquiring 658 shares.
In addition, Madison Investment Advisors LLC entered the market with a new stake valued at approximately $297,000. Envestnet Portfolio Solutions Inc. boosted its position by a remarkable 235.2%, now owning 6,148 shares worth $1.77 million after purchasing an additional 4,314 shares. Lastly, Corient Private Wealth LLC made a substantial increase of 288.5%, bringing its total holdings to 139,324 shares valued at approximately $40.1 million.
Overall, institutional investors and hedge funds currently hold approximately 74.88% of the iShares Russell 2000 Growth ETF, reflecting strong institutional interest in this investment vehicle.
Current Market Performance
As of the latest trading session, shares of the iShares Russell 2000 Growth ETF opened at $288.65. The ETF has experienced a 52-week low of $219.19 and a high of $317.62. Its current 50-day moving average stands at $276.71, while the 200-day moving average is at $273.96. The fund has a market capitalization of $11.78 billion, a price-to-earnings ratio of 21.86, and a beta of 1.15, indicating moderate volatility compared to the broader market.
About iShares Russell 2000 Growth ETF
The iShares Russell 2000 Growth ETF is designed to track the performance of the Russell 2000 Growth Index, which measures the performance of small-capitalization growth stocks in the United States equity market. This ETF aims to provide investment results that correspond closely to the price and yield performance of the underlying index, before fees and expenses.
For those interested in the latest movements among hedge funds holding IWO, detailed reports are available on HoldingsChannel.com, which features the latest 13F filings and insider trades related to the iShares Russell 2000 Growth ETF. Additionally, investors can sign up for daily summaries of news and analyst ratings through MarketBeat.com’s newsletter.
