Kovack Advisors Inc. Buys New Shares in iShares Russell 2000 Growth ETF (NYSEARCA:IWO)

Kovack Advisors Inc. bought a new position in shares of iShares Russell 2000 Growth ETF (NYSEARCA:IWO) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 771 shares of the exchange traded fund’s stock, valued at approximately $219,000.

Other large investors have also bought and sold shares of the company. HighMark Wealth Management LLC acquired a new position in shares of iShares Russell 2000 Growth ETF during the second quarter worth approximately $26,000. Riverview Trust Co acquired a new position in shares of iShares Russell 2000 Growth ETF during the second quarter valued at about $28,000. PSI Advisors LLC bought a new stake in shares of iShares Russell 2000 Growth ETF during the third quarter worth about $28,000. GPS Wealth Strategies Group LLC grew its stake in shares of iShares Russell 2000 Growth ETF by 290.0% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 117 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 87 shares in the last quarter. Finally, Beacon Capital Management LLC raised its holdings in shares of iShares Russell 2000 Growth ETF by 424.0% in the first quarter. Beacon Capital Management LLC now owns 131 shares of the exchange traded fund’s stock valued at $35,000 after purchasing an additional 106 shares during the last quarter.

iShares Russell 2000 Growth ETF Stock Down 1.9 %

IWO stock opened at $293.95 on Friday. The business has a 50 day moving average of $285.30 and a 200-day moving average of $273.49. The firm has a market cap of $12.26 billion, a PE ratio of 16.25 and a beta of 1.31. iShares Russell 2000 Growth ETF has a 12-month low of $219.77 and a 12-month high of $314.34.

iShares Russell 2000 Growth ETF 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.