iShares Russell 1000 Growth ETF $IWF Stock: Confluence Wealth Services Inc. Grows Stake

Confluence Wealth Services Inc. lifted its position in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 17.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,782,056 shares of the exchange traded fund’s stock after purchasing an additional 266,824 shares during the quarter. iShares Russell 1000 Growth ETF accounts for 5.8% of Confluence Wealth Services Inc.’s investment portfolio, making the stock its 3rd largest holding. Confluence Wealth Services Inc.’s holdings in iShares Russell 1000 Growth ETF were worth $223,220,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. AMG National Trust Bank acquired a new stake in shares of iShares Russell 1000 Growth ETF in the 3rd quarter worth about $62,969,000. Mesirow Financial Investment Management Inc. bought a new position in iShares Russell 1000 Growth ETF in the 3rd quarter valued at about $89,131,000. Lido Advisors LLC acquired a new position in iShares Russell 1000 Growth ETF during the 3rd quarter valued at about $162,385,000. Keybank National Association OH acquired a new position in iShares Russell 1000 Growth ETF during the 3rd quarter valued at about $91,790,000. Finally, Narwhal Capital Management acquired a new position in iShares Russell 1000 Growth ETF during the 3rd quarter valued at about $15,684,000. 75.33% of the stock is currently owned by institutional investors.

iShares Russell 1000 Growth ETF Stock Performance

Shares of IWF opened at $114.02 on Wednesday. The stock has a 50 day moving average price of $122.54 and a two-hundred day moving average price of $119.36. The firm has a market capitalization of $116.68 billion, a P/E ratio of 33.43 and a beta of 1.17. iShares Russell 1000 Growth ETF has a 52 week low of $102.23 and a 52 week high of $129.80.

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.