Fulton Bank N.A. Reduces Stake in iShares Russell 2000 Growth ETF

Fulton Bank N.A. has decreased its stake in the iShares Russell 2000 Growth ETF (NYSEARCA:IWO) by 5.0% during the fourth quarter of the year. This reduction was disclosed in the bank's latest filing with the Securities and Exchange Commission (SEC). As of this filing, the institutional investor owned a total of 2,281 shares of the ETF after selling 119 shares throughout the quarter. The current value of Fulton Bank N.A.'s holdings in the iShares Russell 2000 Growth ETF stands at approximately $657,000.

Recent activity among other hedge funds shows varying adjustments to their positions in the ETF. For instance, GAMMA Investing LLC significantly increased its holdings in the iShares Russell 2000 Growth ETF by 64.2% during the fourth quarter, acquiring an additional 61 shares, raising its total to 156 shares valued at about $45,000. Similarly, SK Wealth Management LLC made a fresh investment in the ETF during the third quarter with a stake worth $520,000. Meanwhile, JPMorgan Chase & Co. bolstered its holdings by 45.4% during the third quarter, ending up with 495,559 shares valued at roughly $140.74 million after purchasing 154,743 additional shares. Garde Capital Inc. also raised its position in the ETF by 1.4%, totaling 3,044 shares worth $864,000. Lastly, Destination Wealth Management established a new stake valued at approximately $293,000.

Current Trading Details of iShares Russell 2000 Growth ETF

As of the latest trading session, shares of the iShares Russell 2000 Growth ETF (NYSEARCA:IWO) opened at $291.25. The ETF has experienced a one-year low of $237.03 and a high of $317.62. Additionally, its 50-day moving average stands at $300.70, while the two-hundred day moving average is at $284.43. The ETF holds a market capitalization of $12.15 billion, a price-to-earnings (PE) ratio of 16.25, and a beta value of 1.31, indicating its volatility in relation to the market.

About iShares Russell 2000 Growth ETF

The iShares Russell 2000 Growth ETF is an exchange-traded fund designed to mirror the performance of the Russell 2000 Growth Index. This index gauges the performance of the small-cap growth sector in the United States equity market. Investors often turn to such ETFs for exposure to small-cap growth companies.

Fulton, Bank, ETF