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

Fulton Bank N.A. has made adjustments to its investment portfolio by reducing its stake in the iShares Russell 2000 Growth ETF (NYSEARCA:IWO). According to the latest report submitted to the Securities and Exchange Commission, the bank decreased its holdings by 5.0% during the fourth quarter, now holding 2,281 shares after selling 119 shares in this period. The current value of Fulton Bank N.A.'s position in the ETF is approximately $657,000, based on the most recent filing with the SEC.

Other institutional investors have also been active with their positions in the iShares Russell 2000 Growth ETF. For instance, GAMMA Investing LLC saw a significant increase, raising its holdings by 64.2% during the same quarter. They now own 156 shares valued at around $45,000 following their acquisition of an additional 61 shares.

Additionally, SK Wealth Management LLC entered a new position in the iShares Russell 2000 Growth ETF during the third quarter, with their investment amounting to $520,000. Similarly, JPMorgan Chase & Co. increased their stake in the ETF by 45.4% in the third quarter, now possessing 495,559 shares, valued at $140,739,000 after purchasing 154,743 additional shares. Garde Capital Inc. also raised its position by 1.4%, adding 41 shares to hold a total of 3,044 shares worth $864,000.

Moreover, Destination Wealth Management acquired a new position in the iShares Russell 2000 Growth ETF worth about $293,000 during the third quarter.

Market Performance of iShares Russell 2000 Growth ETF

As of Friday, shares of the iShares Russell 2000 Growth ETF traded at $291.25, experiencing a 0.6% decrease. The ETF has demonstrated a one-year low of $237.03 and a high of $317.62. It currently has a 50-day moving average of $300.70 and a 200-day moving average of $284.43, with an overall market capitalization of $12.15 billion. The price-to-earnings ratio stands at 16.25, and it has a beta of 1.31, indicating the volatility of its shares in relation to the overall market.

About iShares Russell 2000 Growth ETF

The iShares Russell 2000 Growth ETF is an exchange-traded fund designed to track the performance of the Russell 2000 Growth Index, which includes small-cap growth stocks within the U.S. equity market. This ETF aims to provide investors with results that correlate closely with the index's price and yield, before accounting for fees and expenses.

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