Kovack Advisors Inc. Grows Holdings in iShares Russell 2000 Growth ETF (NYSEARCA:IWO)

Kovack Advisors Inc. boosted its holdings in iShares Russell 2000 Growth ETF (NYSEARCA:IWO) by 54.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,188 shares of the exchange traded fund’s stock after purchasing an additional 417 shares during the quarter. Kovack Advisors Inc.’s holdings in iShares Russell 2000 Growth ETF were worth $342,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Heritage Investors Management Corp increased its stake in iShares Russell 2000 Growth ETF by 36.5% in the 4th quarter. Heritage Investors Management Corp now owns 2,706 shares of the exchange traded fund’s stock valued at $779,000 after buying an additional 723 shares during the period. Pointe Capital Management LLC lifted its stake in shares of iShares Russell 2000 Growth ETF by 3.1% in the 4th quarter. Pointe Capital Management LLC now owns 3,323 shares of the exchange traded fund’s stock worth $956,000 after acquiring an additional 99 shares during the period. Advisor OS LLC lifted its stake in shares of iShares Russell 2000 Growth ETF by 3.1% in the 4th quarter. Advisor OS LLC now owns 2,047 shares of the exchange traded fund’s stock worth $589,000 after acquiring an additional 61 shares during the period. LGL Partners LLC lifted its stake in shares of iShares Russell 2000 Growth ETF by 0.3% in the 4th quarter. LGL Partners LLC now owns 13,052 shares of the exchange traded fund’s stock worth $3,757,000 after acquiring an additional 39 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of iShares Russell 2000 Growth ETF by 12.2% in the 4th quarter. Bank of New York Mellon Corp now owns 248,354 shares of the exchange traded fund’s stock worth $71,481,000 after acquiring an additional 27,084 shares during the period.

iShares Russell 2000 Growth ETF Stock Performance

IWO stock opened at $276.80 on Friday. iShares Russell 2000 Growth ETF has a one year low of $242.92 and a one year high of $317.62. The stock has a market capitalization of $11.81 billion, a PE ratio of 23.69 and a beta of 1.18. The company has a fifty day moving average of $292.41 and a 200-day moving average of $290.28.

iShares Russell 2000 Growth ETF Company 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.