Cwm LLC Reduces Stake in iShares Russell 2000 Growth ETF to $4.65 Million

Cwm LLC has made adjustments to its investment portfolio, specifically reducing its stake in the iShares Russell 2000 Growth ETF (NYSEARCA:IWO) by 0.9% in the third quarter of this year. According to the latest filing with the Securities and Exchange Commission, Cwm LLC now holds 16,370 shares in the ETF after divesting 146 shares during this period. The estimated value of Cwm LLC's investment in the iShares Russell 2000 Growth ETF is approximately $4,649,000 based on the recent SEC disclosures.

In addition to Cwm LLC, several other institutional investors and hedge funds have also modified their positions in the iShares Russell 2000 Growth ETF. For instance, Bleakley Financial Group LLC increased its holdings by 0.9% during the first quarter, now owning 4,844 shares valued at around $1,312,000 after acquiring an additional 42 shares. Similarly, Carmichael Hill & Associates Inc. raised its position by 19.5% in the second quarter, obtaining 257 shares worth $67,000 after purchasing an extra 42 shares.

Seelaus Asset Management LLC also enhanced its stake in the fund by 2.3% in the first quarter, bringing its total to 1,965 shares valued at $532,000 after acquiring 45 more shares. Echo45 Advisors LLC, another investor, grew its position by 0.4%, now owning 11,164 shares with a total worth of $3,023,000 following the acquisition of 47 additional shares. Lastly, Quotient Wealth Partners LLC increased its stake by 3.6% in the second quarter, owning 1,337 shares worth $351,000 after buying 47 more shares.

Current Performance of iShares Russell 2000 Growth ETF

As of the trading session on Friday, the iShares Russell 2000 Growth ETF was priced at $286.28. The ETF has shown a 50-day moving average of $275.05 and a 200-day moving average of $267.79. With a market capitalization of $11.94 billion, the fund has a price-to-earnings ratio of 16.25 and a beta of 1.31, indicating its volatility in the market. Over the past year, the ETF has reached a low of $203.42 and peaked at $291.61.

Understanding iShares Russell 2000 Growth ETF

The iShares Russell 2000 Growth ETF operates as an exchange-traded fund that aims to deliver results that reflect the performance of the Russell 2000 Growth Index. This index specifically tracks the performance of the small-capitalization growth segment of the U.S. equity market.

Multiple market watchers and analysts are closely monitoring changes in institutional holdings and the dynamics surrounding the iShares Russell 2000 Growth ETF as they assess its potential future performance.

Investment, ETFs, Finance