Stratos Wealth Advisors LLC Increases Investment in iShares Russell Top 200 Growth ETF

Stratos Wealth Advisors LLC has raised its ownership in the iShares Russell Top 200 Growth ETF (NYSEARCA:IWY) by 14.9% during the third quarter, as detailed in the firm’s latest 13F filing with the Securities and Exchange Commission. Following this increase, Stratos Wealth Advisors now possesses 6,061 shares of the ETF after acquiring an additional 784 shares over the quarter. The value of their holdings in the iShares Russell Top 200 Growth ETF reached approximately $1,334,000 at the close of the reporting period.

In addition to Stratos Wealth Advisors, several other institutional investors have also made recent changes to their positions in the iShares Russell Top 200 Growth ETF. Notable among them is Williams Financial LLC, which dramatically increased its holdings by an astonishing 6,173.3% during the second quarter, resulting in ownership of 7,098,032 shares valued at around $1.41 billion after purchasing an additional 6,984,885 shares. Another firm, TIAA Trust National Association, also grew its stake by 4.8%, now holding 6,277,143 shares worth approximately $1.35 billion after buying 288,548 shares.

Furthermore, Envestnet Portfolio Solutions Inc. raised its holdings by 14.5% in the first quarter, accumulating 5,759,140 shares valued at $1.12 billion after adding 731,194 shares. Likewise, Envestnet Asset Management Inc. increased its shares by 8.0% in the second quarter, now owning 2,852,098 shares worth around $611 million after an increase of 212,165 shares. Lastly, LPL Financial LLC expanded its stake by 18.9% during the second quarter, increasing its ownership to 1,866,518 shares valued at approximately $400 million after the purchase of 296,675 shares.

Performance of iShares Russell Top 200 Growth ETF

The iShares Russell Top 200 Growth ETF opened at $223.82. This ETF has a market capitalization of $11.12 billion and a fairly high price-to-earnings ratio of 38.86. The beta of the fund stands at 1.24, indicating a moderate level of volatility compared to the broader market. The 12-month performance shows a low of $148.45 and a high of $226.11, reflecting significant price movements over the past year. Moreover, the 50-day and 200-day simple moving averages are $215.41 and $207.97, respectively.

About iShares Russell Top 200 Growth ETF

The iShares Russell Top 200 Growth ETF, formerly known as iShares Russell Top 200 Growth Index Fund, aims to achieve investment results that closely correspond to the performance of the Russell Top 200 Growth Index. This index is designed to measure the performance of the largest capitalization growth stocks in the U.S. equity market, providing investors access to a significant portion of the growth-oriented segment.

investment, ETF, growth