Galvin Gaustad & Stein LLC Reduces Stock Position in iShares Russell 1000 Growth ETF $IWF

Galvin Gaustad & Stein LLC lowered its position in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 2.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,787 shares of the exchange traded fund’s stock after selling 60 shares during the quarter. Galvin Gaustad & Stein LLC’s holdings in iShares Russell 1000 Growth ETF were worth $1,183,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. HighMark Wealth Management LLC boosted its position in iShares Russell 1000 Growth ETF by 60.5% during the 2nd quarter. HighMark Wealth Management LLC now owns 69 shares of the exchange traded fund’s stock valued at $29,000 after buying an additional 26 shares during the period. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in iShares Russell 1000 Growth ETF during the 1st quarter valued at $31,000. EQ Wealth Advisors LLC purchased a new stake in iShares Russell 1000 Growth ETF during the 1st quarter valued at $32,000. Hughes Financial Services LLC purchased a new stake in shares of iShares Russell 1000 Growth ETF in the 1st quarter worth about $33,000. Finally, American Capital Advisory LLC lifted its position in shares of iShares Russell 1000 Growth ETF by 792.3% in the 1st quarter. American Capital Advisory LLC now owns 116 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 103 shares during the period. Hedge funds and other institutional investors own 75.33% of the company’s stock.

iShares Russell 1000 Growth ETF Trading Down 0.1%

NYSEARCA:IWF opened at $474.60 on Friday. The company has a 50-day moving average price of $454.93 and a 200-day moving average price of $414.18. iShares Russell 1000 Growth ETF has a 12 month low of $308.67 and a 12 month high of $475.51. The stock has a market cap of $123.04 billion, a price-to-earnings ratio of 33.43 and a beta of 1.08.

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.