Droms Strauss Advisors Inc. MO ADV Has $21.52 Million Holdings in iShares Russell 2000 Growth ETF $IWO

Droms Strauss Advisors Inc. MO ADV raised its position in shares of iShares Russell 2000 Growth ETF (NYSEARCA:IWO) by 8.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 67,231 shares of the exchange traded fund’s stock after buying an additional 5,449 shares during the period. iShares Russell 2000 Growth ETF comprises about 6.2% of Droms Strauss Advisors Inc. MO ADV’s investment portfolio, making the stock its 6th biggest holding. Droms Strauss Advisors Inc. MO ADV’s holdings in iShares Russell 2000 Growth ETF were worth $21,517,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Cloud Capital Management LLC purchased a new stake in shares of iShares Russell 2000 Growth ETF during the third quarter worth about $26,000. First Command Advisory Services Inc. bought a new stake in shares of iShares Russell 2000 Growth ETF in the 2nd quarter worth approximately $27,000. Harbor Asset Planning Inc. bought a new stake in shares of iShares Russell 2000 Growth ETF in the 2nd quarter worth approximately $32,000. Howe & Rusling Inc. purchased a new position in shares of iShares Russell 2000 Growth ETF during the second quarter valued at approximately $36,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of iShares Russell 2000 Growth ETF during the third quarter valued at approximately $36,000. Hedge funds and other institutional investors own 74.88% of the company’s stock.

iShares Russell 2000 Growth ETF Stock Up 0.9%

NYSEARCA:IWO opened at $339.46 on Tuesday. The stock has a market cap of $13.60 billion, a P/E ratio of 21.86 and a beta of 1.17. The firm’s fifty day simple moving average is $335.10 and its 200 day simple moving average is $320.28. iShares Russell 2000 Growth ETF has a twelve month low of $219.19 and a twelve month high of $355.34.

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. It is a subset of the Russell 2000 Index, which measures the performance of the small-capitalization sector of the United States equity market.