iShares Russell 1000 Growth ETF (NYSEARCA:IWF) Share Price Break Below 200 Day Moving Average – Time to Sell?

iShares Russell 1000 Growth ETF (NYSEARCA:IWF) shares crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $119.44 and traded as low as $116.35. iShares Russell 1000 Growth ETF shares last traded at $117.61, with a volume of 10,267,283 shares traded.

iShares Russell 1000 Growth ETF Trading Down 2.9%

The company has a market cap of $120.14 billion, a P/E ratio of 33.43 and a beta of 1.16. The firm has a 50 day moving average of $123.62 and a 200-day moving average of $119.44.

Hedge Funds Weigh In On iShares Russell 1000 Growth ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Roxbury Financial LLC raised its stake in iShares Russell 1000 Growth ETF by 300.0% during the second quarter. Roxbury Financial LLC now owns 216 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 162 shares in the last quarter. Byrne Asset Management LLC lifted its position in iShares Russell 1000 Growth ETF by 300.0% during the second quarter. Byrne Asset Management LLC now owns 236 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 177 shares during the last quarter. Godsey & Gibb Inc. purchased a new position in shares of iShares Russell 1000 Growth ETF in the 3rd quarter worth $29,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of iShares Russell 1000 Growth ETF by 159.6% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 296 shares of the exchange traded fund’s stock worth $37,000 after buying an additional 182 shares in the last quarter. Finally, XP Advisory US Inc. purchased a new position in shares of iShares Russell 1000 Growth ETF in the 2nd quarter worth $38,000. 75.33% of the stock is owned by institutional investors.

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.