Summit Wealth Group LLC Co. Sells 19,490 Shares of iShares Russell 1000 Growth ETF $IWF

Summit Wealth Group LLC Co. decreased its holdings in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 10.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 167,672 shares of the exchange traded fund’s stock after selling 19,490 shares during the quarter. iShares Russell 1000 Growth ETF makes up about 1.3% of Summit Wealth Group LLC Co.’s holdings, making the stock its 13th biggest holding. Summit Wealth Group LLC Co.’s holdings in iShares Russell 1000 Growth ETF were worth $21,003,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Arlington Trust Co LLC boosted its position in shares of iShares Russell 1000 Growth ETF by 671.9% during the 2nd quarter. Arlington Trust Co LLC now owns 6,268 shares of the exchange traded fund’s stock worth $778,000 after purchasing an additional 5,456 shares during the period. Brookstone Capital Management acquired a new stake in iShares Russell 1000 Growth ETF in the 3rd quarter valued at approximately $6,233,000. Farmers & Merchants Investments Inc. acquired a new stake in iShares Russell 1000 Growth ETF in the 3rd quarter valued at approximately $771,000. Capital Investment Advisors LLC acquired a new stake in iShares Russell 1000 Growth ETF in the 3rd quarter valued at approximately $4,986,000. Finally, Brookmont Capital Management purchased a new stake in iShares Russell 1000 Growth ETF in the third quarter valued at approximately $779,000. Hedge funds and other institutional investors own 75.33% of the company’s stock.

iShares Russell 1000 Growth ETF Stock Down 1.2%

Shares of NYSEARCA IWF opened at $116.22 on Tuesday. The business’s 50 day moving average is $123.49 and its two-hundred day moving average is $119.43. iShares Russell 1000 Growth ETF has a 52-week low of $102.23 and a 52-week high of $129.80. The firm has a market cap of $118.63 billion, a price-to-earnings ratio of 33.43 and a beta of 1.16.

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.