Cornerstone Wealth Advisors Inc. Trims Stake in iShares Russell 2000 Growth ETF (NYSEARCA:IWO)

Cornerstone Wealth Advisors Inc. reduced its position in shares of iShares Russell 2000 Growth ETF (NYSEARCA:IWO) by 4.5% during the 4th quarter, HoldingsChannel reports. The firm owned 6,427 shares of the exchange traded fund’s stock after selling 301 shares during the period. iShares Russell 2000 Growth ETF comprises about 0.5% of Cornerstone Wealth Advisors Inc.’s investment portfolio, making the stock its 22nd largest holding. Cornerstone Wealth Advisors Inc.’s holdings in iShares Russell 2000 Growth ETF were worth $1,850,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. PSI Advisors LLC purchased a new position in iShares Russell 2000 Growth ETF during the 3rd quarter worth $28,000. Richardson Financial Services Inc. increased its holdings in iShares Russell 2000 Growth ETF by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 144 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 72 shares during the period. Armstrong Advisory Group Inc. purchased a new position in shares of iShares Russell 2000 Growth ETF in the 4th quarter valued at $41,000. Voisard Asset Management Group Inc. purchased a new position in shares of iShares Russell 2000 Growth ETF in the 3rd quarter valued at $43,000. Finally, Atmos Advisory LLC purchased a new position in shares of iShares Russell 2000 Growth ETF in the 4th quarter valued at $44,000.

iShares Russell 2000 Growth ETF Trading Down 0.7 %

Shares of NYSEARCA:IWO opened at $300.73 on Friday. iShares Russell 2000 Growth ETF has a 12-month low of $242.63 and a 12-month high of $317.62. The business’s fifty day simple moving average is $299.42 and its 200-day simple moving average is $286.96. The company has a market capitalization of $12.54 billion, a PE ratio of 16.25 and a beta of 1.31.

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.