Cwm LLC Reduces Stake in iShares Russell 2000 Growth ETF

On October 13, 2024, it was reported that Cwm LLC has adjusted its stake in the iShares Russell 2000 Growth ETF (NYSEARCA:IWO) by reducing its holdings by 0.9% during the third quarter. According to the latest filing with the Securities and Exchange Commission, Cwm LLC now owns 16,370 shares of this exchange-traded fund, having sold 146 shares in 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 notable adjustments to their positions in the iShares Russell 2000 Growth ETF recently. Bleakley Financial Group LLC increased its stake by 0.9% in the first quarter, acquiring a total of 4,844 shares now valued at about $1.31 million after adding 42 shares. In a more significant move, Carmichael Hill & Associates Inc. raised its investment by 19.5% during the second quarter, taking its total to 257 shares worth $67,000 following a purchase of 42 shares.

Seelaus Asset Management LLC and Echo45 Advisors LLC also made incremental increases to their positions earlier this year, with Seelaus boosting its stake by 2.3%—bringing its total to 1,965 shares valued at $532,000—and Echo45 increasing its holdings by 0.4% to 11,164 shares worth $3.02 million after acquiring an additional 47 shares. Additionally, Quotient Wealth Partners LLC raised its stake by 3.6% in the second quarter, now holding 1,337 shares valued at $351,000.

Market Performance of iShares Russell 2000 Growth ETF

As of the latest trading session, the iShares Russell 2000 Growth ETF experienced a price increase of 2.2%, opening at $286.28. The fund's moving averages show a 50-day average of $275.05 and a 200-day average of $267.79. The fund boasts a market capitalization of $11.94 billion, with a price-to-earnings (P/E) ratio of 16.25 and a beta value of 1.31, indicating relative volatility compared to the broader market. Over the past year, the ETF has experienced a low of $203.42 and a high of $291.61.

Understanding the iShares Russell 2000 Growth ETF

The iShares Russell 2000 Growth ETF is designed as an investment vehicle that aims to replicate the price and yield performance of the Russell 2000 Growth Index. This index measures the performance of small-cap growth stocks in the U.S. equity market, providing investors with an opportunity to gain exposure to smaller companies that have the potential for substantial growth.

For those interested in further insights about this ETF and other institutional holdings, comprehensive data can be accessed through various financial platforms that track 13F filings and insider trades for the iShares Russell 2000 Growth ETF.

Cwm, Investment, ETF