SMI Advisory Services LLC Buys Shares of 40,841 iShares Russell 2000 Growth ETF (NYSEARCA:IWO)

SMI Advisory Services LLC purchased a new position in shares of iShares Russell 2000 Growth ETF (NYSEARCA:IWO) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 40,841 shares of the exchange traded fund’s stock, valued at approximately $11,614,000. iShares Russell 2000 Growth ETF comprises 2.7% of SMI Advisory Services LLC’s investment portfolio, making the stock its 10th largest holding.

A number of other hedge funds also recently modified their holdings of the stock. PSI Advisors LLC purchased a new position in shares of iShares Russell 2000 Growth ETF in the third quarter worth about $28,000. Richardson Financial Services Inc. grew its stake in iShares Russell 2000 Growth ETF by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 144 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 72 shares in the last quarter. Armstrong Advisory Group Inc. bought a new stake in iShares Russell 2000 Growth ETF during the 4th quarter valued at $41,000. Voisard Asset Management Group Inc. purchased a new stake in shares of iShares Russell 2000 Growth ETF during the third quarter worth $43,000. Finally, Atmos Advisory LLC bought a new position in shares of iShares Russell 2000 Growth ETF in the fourth quarter worth $44,000.

iShares Russell 2000 Growth ETF Price Performance

Shares of IWO opened at $300.98 on Thursday. iShares Russell 2000 Growth ETF has a 1-year low of $242.63 and a 1-year high of $317.62. The company has a market capitalization of $12.55 billion, a P/E ratio of 16.25 and a beta of 1.31. The firm’s 50 day simple moving average is $299.30 and its 200 day simple moving average is $286.48.

About iShares Russell 2000 Growth ETF

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.