iShares Russell 1000 Growth ETF (NYSEARCA:IWF) Sets New 12-Month High – What’s Next?

iShares Russell 1000 Growth ETF (NYSEARCA:IWF)’s share price hit a new 52-week high on Thursday . The company traded as high as $123.28 and last traded at $123.06, with a volume of 461058 shares traded. The stock had previously closed at $122.44.

iShares Russell 1000 Growth ETF Stock Up 0.7%

The business’s 50-day simple moving average is $112.86 and its two-hundred day simple moving average is $115.90. The firm has a market cap of $129.03 billion, a price-to-earnings ratio of 33.43 and a beta of 1.16.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE raised its position in shares of iShares Russell 1000 Growth ETF by 1.6% during the 4th quarter. Bank of America Corp DE now owns 28,021,788 shares of the exchange traded fund’s stock worth $13,262,712,000 after purchasing an additional 443,914 shares during the last quarter. Morgan Stanley raised its position in shares of iShares Russell 1000 Growth ETF by 2.2% during the 4th quarter. Morgan Stanley now owns 27,636,174 shares of the exchange traded fund’s stock worth $13,080,203,000 after purchasing an additional 587,889 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of iShares Russell 1000 Growth ETF by 1.0% during the 4th quarter. JPMorgan Chase & Co. now owns 7,496,501 shares of the exchange traded fund’s stock worth $3,548,095,000 after purchasing an additional 70,843 shares during the last quarter. Northern Trust Corp raised its position in shares of iShares Russell 1000 Growth ETF by 1.9% during the 4th quarter. Northern Trust Corp now owns 5,560,417 shares of the exchange traded fund’s stock worth $2,631,745,000 after purchasing an additional 101,545 shares during the last quarter. Finally, LPL Financial LLC raised its position in shares of iShares Russell 1000 Growth ETF by 1.7% during the 4th quarter. LPL Financial LLC now owns 3,755,659 shares of the exchange traded fund’s stock worth $1,777,554,000 after purchasing an additional 63,975 shares during the last quarter. Institutional investors and hedge funds own 75.33% of the company’s stock.

iShares Russell 1000 Growth ETF Company Profile

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.