Focus Partners Wealth increased its holdings in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF – Free Report) by 75.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,324,870 shares of the exchange traded fund’s stock after purchasing an additional 568,001 shares during the period. iShares Russell 1000 Growth ETF accounts for about 1.0% of Focus Partners Wealth’s holdings, making the stock its 20th biggest holding. Focus Partners Wealth’s holdings in iShares Russell 1000 Growth ETF were worth $620,714,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in IWF. Bell Investment Advisors Inc purchased a new position in iShares Russell 1000 Growth ETF in the second quarter valued at about $32,000. Manning & Napier Advisors LLC acquired a new stake in shares of iShares Russell 1000 Growth ETF in the third quarter valued at about $47,000. Flagship Wealth Advisors LLC raised its holdings in shares of iShares Russell 1000 Growth ETF by 131.9% during the 3rd quarter. Flagship Wealth Advisors LLC now owns 109 shares of the exchange traded fund’s stock valued at $51,000 after buying an additional 62 shares during the period. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of iShares Russell 1000 Growth ETF during the 3rd quarter valued at about $53,000. Finally, Capital A Wealth Management LLC lifted its position in iShares Russell 1000 Growth ETF by 298.1% during the 2nd quarter. Capital A Wealth Management LLC now owns 207 shares of the exchange traded fund’s stock worth $88,000 after acquiring an additional 155 shares in the last quarter. 75.33% of the stock is currently owned by institutional investors and hedge funds.
iShares Russell 1000 Growth ETF Stock Down 1.1%
NYSEARCA IWF opened at $438.29 on Monday. The stock has a market cap of $112.73 billion, a PE ratio of 33.43 and a beta of 1.13. iShares Russell 1000 Growth ETF has a fifty-two week low of $308.67 and a fifty-two week high of $493.00. The business has a 50 day moving average price of $459.70 and a two-hundred day moving average price of $466.26.
About iShares Russell 1000 Growth ETF
iShares Russell 1000 Growth ETF (the Fund), formerly iShares Russell 1000 Growth Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment returns that correspond generally to the price and yield performance of the Russell 1000 Growth Index (the Index). The Index measures the performance of equity securities of Russell 1000 index issuers with relatively higher price-to-book ratios and higher forecasted growth. The index represents approximately 50% of the total market capitalization of the Russell 1000 Index.
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