AssuredPartners Investment Advisors LLC has acquired a significant stake in the iShares Russell Top 200 Growth ETF (NYSEARCA:IWY), purchasing 4,143 shares valued at approximately $1,134,000. This investment was disclosed in the firm’s latest filing with the Securities and Exchange Commission and represents a strategic move in the company’s portfolio management during the third quarter.
This acquisition is part of a broader trend, as several institutional investors and hedge funds have recently adjusted their positions regarding the iShares ETF. Notably, Boulay Financial Advisors LLC made a substantial investment in the second quarter, acquiring shares worth $144,523,000. Similarly, SVB Wealth LLC also entered a new stake in the same period, valuing approximately $79,526,000.
In addition to these investments, Global Retirement Partners LLC added to its holdings in the iShares Russell Top 200 Growth ETF, with a new stake valued at around $33,592,000. Furthermore, TIAA Trust National Association increased its position by 1.2%, bringing its total to 6,102,300 shares worth approximately $1,504,278,000, following the purchase of an additional 72,254 shares in the last quarter. CW Advisors LLC also raised its stake significantly by 142.2%, resulting in ownership of 120,120 shares valued at around $29,611,000.
Market Performance and Profile
As of Tuesday, the iShares Russell Top 200 Growth ETF opened at $273.96. The fund, which has a market capitalization of $16.49 billion, features a price-to-earnings ratio of 35.13 and a beta of 1.12, indicating its volatility relative to the market. Over the past year, the ETF has experienced a low of $180.65 and a high of $288.99, showcasing notable fluctuations in market performance.
The iShares Russell Top 200 Growth ETF aims to mirror the investment results of the Russell Top 200 Growth Index, which focuses on the largest capitalization growth sector of the United States equity market. This index is designed to provide exposure to companies that are expected to demonstrate above-average growth, making it an attractive option for institutional investors seeking growth-oriented investments.
For those interested in the latest holdings and changes among hedge funds, insights can be found on platforms like HoldingsChannel.com, where updated 13F filings and insider trades for the iShares Russell Top 200 Growth ETF are available.
