Maloon Powers Pitre Higgins & Dennehy LLC Purchases New Position in iShares Russell 1000 Growth ETF $IWF

Maloon Powers Pitre Higgins & Dennehy LLC purchased a new stake in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 86,473 shares of the exchange traded fund’s stock, valued at approximately $10,737,000. iShares Russell 1000 Growth ETF accounts for about 3.7% of Maloon Powers Pitre Higgins & Dennehy LLC’s portfolio, making the stock its 5th biggest position.

Other hedge funds have also recently bought and sold shares of the company. Old Mission Investment Co LLC bought a new stake in shares of iShares Russell 1000 Growth ETF during the second quarter worth approximately $2,660,000. Highland Investment Advisors LLC acquired a new position in shares of iShares Russell 1000 Growth ETF in the second quarter valued at approximately $12,170,000. TOP Private Wealth LLC. bought a new position in shares of iShares Russell 1000 Growth ETF during the second quarter worth approximately $483,000. Strive Financial Group LLC increased its stake in shares of iShares Russell 1000 Growth ETF by 1,353.3% during the second quarter. Strive Financial Group LLC now owns 31,507 shares of the exchange traded fund’s stock worth $3,912,000 after purchasing an additional 29,339 shares during the period. Finally, Invested Advisors lifted its holdings in iShares Russell 1000 Growth ETF by 270.3% during the 2nd quarter. Invested Advisors now owns 25,091 shares of the exchange traded fund’s stock worth $3,116,000 after purchasing an additional 18,315 shares during the last quarter. 75.33% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell 1000 Growth ETF Price Performance

IWF opened at $123.41 on Friday. The business has a fifty day simple moving average of $121.89 and a 200 day simple moving average of $118.73. The company has a market capitalization of $126.45 billion, a PE ratio of 33.43 and a beta of 1.17. iShares Russell 1000 Growth ETF has a 1 year low of $102.23 and a 1 year high of $129.14.

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.