J.W. Cole Advisors Inc. Increases Investment in iShares Russell Top 200 Growth ETF

On October 30th, 2024, it was reported that J.W. Cole Advisors Inc. has increased its investment in the iShares Russell Top 200 Growth ETF (NYSEARCA:IWY) by 1.3% during the third quarter of 2024. The firm acquired an additional 65 shares, bringing its total holdings to 5,088 shares. The total value of J.W. Cole Advisors Inc.’s investment in the ETF stands at approximately $1,120,000 based on their most recent filing with the SEC.

In addition to J.W. Cole Advisors Inc., several other institutional investors have also made changes to their positions in the iShares Russell Top 200 Growth ETF. For example, Williams Financial LLC made a significant increase of 6,173.3% to its holdings during the second quarter, purchasing an additional 6,984,885 shares. This brought their total ownership to 7,098,032 shares, valued at around $1.41 billion.

Similarly, TIAA Trust National Association raised its stake in the ETF by 4.8% in the same quarter, increasing its holdings to 6,277,143 shares worth approximately $1.35 billion after acquiring 288,548 shares. Envestnet Portfolio Solutions Inc. also boosted its stake by 14.5%, resulting in ownership of 5,759,140 shares valued at about $1.12 billion.

Other notable increases were observed with Envestnet Asset Management Inc., which raised its position by 8.0%, now holding 2,852,098 shares worth $611.83 million, and LPL Financial LLC, which lifted its shares by 18.9% to 1,866,518 shares valued at $400.41 million.

Current Performance of iShares Russell Top 200 Growth ETF

On the trading day, iShares Russell Top 200 Growth ETF opened at $226.30. The ETF has shown a positive trend, with a 50-day moving average of $217.21 and a 200-day moving average of $209.46. Over the past year, the ETF reached a low of $150.76 and a high of $226.85, solidifying its position in the market with a market capitalization of $11.25 billion. It currently boasts a price-to-earnings ratio of 38.86 and a beta of 1.24, indicating a relatively higher volatility compared to the market.

Understanding iShares Russell Top 200 Growth ETF

The iShares Russell Top 200 Growth ETF, formerly known as the iShares Russell Top 200 Growth Index Fund, aims to match the investment results of the Russell Top 200 Growth Index. This index is designed to reflect the performance of the largest growth-oriented company sectors within the United States equity market.

investment, ETFs, growth