Towercrest Capital Management Acquires New Stake in iShares Russell 1000 Growth ETF $IWF

Towercrest Capital Management acquired a new stake in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 27,945 shares of the exchange traded fund’s stock, valued at approximately $3,500,000.

A number of other hedge funds have also modified their holdings of the business. Arlington Trust Co LLC lifted its holdings in shares of iShares Russell 1000 Growth ETF by 671.9% during the second 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. Breakwater Capital Group increased its stake in iShares Russell 1000 Growth ETF by 302.1% in the 2nd quarter. Breakwater Capital Group now owns 189,130 shares of the exchange traded fund’s stock valued at $23,484,000 after buying an additional 142,091 shares during the period. Compass Financial Management LLC acquired a new position in iShares Russell 1000 Growth ETF in the 2nd quarter valued at $590,000. Tenzing Financial LLC acquired a new position in iShares Russell 1000 Growth ETF in the 2nd quarter valued at $594,000. Finally, TD Waterhouse Canada Inc. raised its position in iShares Russell 1000 Growth ETF by 314.5% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 33,750 shares of the exchange traded fund’s stock worth $4,150,000 after buying an additional 25,608 shares during the last quarter. 75.33% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell 1000 Growth ETF Price Performance

Shares of IWF stock traded down $0.48 during mid-day trading on Friday, hitting $119.61. The stock had a trading volume of 6,760,006 shares, compared to its average volume of 7,451,330. iShares Russell 1000 Growth ETF has a fifty-two week low of $102.23 and a fifty-two week high of $129.80. The firm has a market cap of $122.59 billion, a PE ratio of 33.43 and a beta of 1.16. The company’s 50-day simple moving average is $123.84 and its 200-day simple moving average is $122.16.

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.