Investors Sell Shares of iShares Russell 2000 Growth Index (IWO) on Strength (IWO)

Traders sold shares of iShares Russell 2000 Growth Index (NYSEARCA:IWO) on strength during trading on Monday. $33.35 million flowed into the stock on the tick-up and $135.66 million flowed out of the stock on the tick-down, for a money net flow of $102.31 million out of the stock. Of all companies tracked, iShares Russell 2000 Growth Index had the 12th highest net out-flow for the day. iShares Russell 2000 Growth Index traded up $0.76 for the day and closed at $193.88

The stock has a market capitalization of $9,480.00 and a price-to-earnings ratio of 14.04.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Friday, December 22nd were issued a $0.3974 dividend. This is a boost from iShares Russell 2000 Growth Index’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Thursday, December 21st. This represents a $1.59 dividend on an annualized basis and a yield of 0.82%. iShares Russell 2000 Growth Index’s dividend payout ratio is presently 9.92%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. raised its holdings in iShares Russell 2000 Growth Index by 108.6% in the 3rd quarter. Victory Capital Management Inc. now owns 874 shares of the exchange traded fund’s stock worth $156,000 after purchasing an additional 455 shares during the period. Advisory Services Network LLC raised its holdings in iShares Russell 2000 Growth Index by 42.0% in the 2nd quarter. Advisory Services Network LLC now owns 980 shares of the exchange traded fund’s stock worth $165,000 after purchasing an additional 290 shares during the period. Jacobi Capital Management LLC acquired a new position in iShares Russell 2000 Growth Index in the 3rd quarter worth about $165,000. CCM Investment Advisers LLC acquired a new position in iShares Russell 2000 Growth Index in the 3rd quarter worth about $205,000. Finally, Sigma Investment Counselors Inc. acquired a new position in iShares Russell 2000 Growth Index in the 3rd quarter worth about $209,000.

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iShares Russell 2000 Growth Index Company Profile

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.

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