TruWealth Advisors LLC Cuts Position in iShares Russell 1000 Growth ETF $IWF

TruWealth Advisors LLC decreased its holdings in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 22.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 145,455 shares of the exchange traded fund’s stock after selling 43,222 shares during the period. iShares Russell 1000 Growth ETF accounts for approximately 3.4% of TruWealth Advisors LLC’s portfolio, making the stock its 7th biggest position. TruWealth Advisors LLC’s holdings in iShares Russell 1000 Growth ETF were worth $68,132,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IWF. Endowment Wealth Management Inc. bought a new position in shares of iShares Russell 1000 Growth ETF in the second quarter valued at $210,000. PGIM Custom Harvest LLC raised its position in iShares Russell 1000 Growth ETF by 27.3% during the first quarter. PGIM Custom Harvest LLC now owns 5,428 shares of the exchange traded fund’s stock worth $1,960,000 after acquiring an additional 1,165 shares in the last quarter. Partnership Wealth Management LLC lifted its stake in iShares Russell 1000 Growth ETF by 5.4% in the second quarter. Partnership Wealth Management LLC now owns 18,058 shares of the exchange traded fund’s stock valued at $7,667,000 after acquiring an additional 922 shares during the last quarter. Advyzon Investment Management LLC bought a new position in shares of iShares Russell 1000 Growth ETF in the 2nd quarter valued at about $615,000. Finally, CWM LLC grew its position in shares of iShares Russell 1000 Growth ETF by 6.0% in the 2nd quarter. CWM LLC now owns 83,867 shares of the exchange traded fund’s stock valued at $35,608,000 after acquiring an additional 4,735 shares during the period. 75.33% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell 1000 Growth ETF Price Performance

iShares Russell 1000 Growth ETF stock opened at $469.22 on Tuesday. The company’s 50-day moving average is $473.91 and its 200-day moving average is $450.43. The firm has a market capitalization of $121.83 billion, a PE ratio of 33.43 and a beta of 1.13. iShares Russell 1000 Growth ETF has a fifty-two week low of $308.67 and a fifty-two week high of $493.00.

iShares Russell 1000 Growth ETF 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.