First Mercantile Trust Co. cut its position in shares of iShares Russell 2000 Growth Index (NYSE:IWO) by 2.0% during the second quarter, Holdings Channel reports. The fund owned 29,530 shares of the exchange traded fund’s stock after selling 609 shares during the period. iShares Russell 2000 Growth Index comprises approximately 0.9% of First Mercantile Trust Co.’s portfolio, making the stock its 14th largest position. First Mercantile Trust Co.’s holdings in iShares Russell 2000 Growth Index were worth $4,984,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in IWO. Sageworth Trust Co increased its stake in iShares Russell 2000 Growth Index by 11.5% in the second quarter. Sageworth Trust Co now owns 2,270 shares of the exchange traded fund’s stock worth $383,000 after buying an additional 235 shares during the last quarter. Investment Partners Ltd. OH ADV increased its stake in shares of iShares Russell 2000 Growth Index by 3.3% in the second quarter. Investment Partners Ltd. OH ADV now owns 9,857 shares of the exchange traded fund’s stock worth $1,664,000 after buying an additional 316 shares in the last quarter. Mutual of Omaha Bank Wealth Management purchased a new stake in shares of iShares Russell 2000 Growth Index during the second quarter worth about $321,000. Moody Lynn & Lieberson LLC increased its stake in shares of iShares Russell 2000 Growth Index by 272.3% in the second quarter. Moody Lynn & Lieberson LLC now owns 13,274 shares of the exchange traded fund’s stock worth $2,240,000 after buying an additional 9,709 shares in the last quarter. Finally, FineMark National Bank & Trust increased its stake in shares of iShares Russell 2000 Growth Index by 0.5% in the second quarter. FineMark National Bank & Trust now owns 8,994 shares of the exchange traded fund’s stock worth $1,518,000 after buying an additional 48 shares in the last quarter.

Shares of iShares Russell 2000 Growth Index (NYSE:IWO) opened at 163.65 on Friday. iShares Russell 2000 Growth Index has a one year low of $135.01 and a one year high of $173.93. The stock’s 50 day moving average is $169.79 and its 200-day moving average is $163.87.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 12th. Stockholders of record on Monday, July 10th were given a $0.3818 dividend. This represents a $1.53 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Thursday, July 6th. This is a positive change from iShares Russell 2000 Growth Index’s previous quarterly dividend of $0.32.

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About iShares Russell 2000 Growth Index

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.

Want to see what other hedge funds are holding IWO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Russell 2000 Growth Index (NYSE:IWO).

Institutional Ownership by Quarter for iShares Russell 2000 Growth Index (NYSE:IWO)

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