SVB Wealth LLC Purchases 21,816 Shares of iShares Russell 1000 Growth ETF $IWF

SVB Wealth LLC lifted its position in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 178.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,040 shares of the exchange traded fund’s stock after purchasing an additional 21,816 shares during the quarter. SVB Wealth LLC’s holdings in iShares Russell 1000 Growth ETF were worth $4,227,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of IWF. Capital Advantage Inc. lifted its position in iShares Russell 1000 Growth ETF by 299.6% in the second quarter. Capital Advantage Inc. now owns 5,966 shares of the exchange traded fund’s stock worth $741,000 after purchasing an additional 4,473 shares during the period. Pinnacle Wealth Management Advisory Group LLC boosted its stake in iShares Russell 1000 Growth ETF by 300.0% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,980 shares of the exchange traded fund’s stock worth $494,000 after buying an additional 2,985 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in iShares Russell 1000 Growth ETF by 406.6% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 145,281 shares of the exchange traded fund’s stock valued at $18,040,000 after buying an additional 116,601 shares during the period. Community Bank N.A. increased its holdings in iShares Russell 1000 Growth ETF by 297.2% in the 2nd quarter. Community Bank N.A. now owns 82,692 shares of the exchange traded fund’s stock valued at $10,268,000 after buying an additional 61,872 shares during the period. Finally, RFG Advisory LLC raised its stake in shares of iShares Russell 1000 Growth ETF by 263.2% in the 2nd quarter. RFG Advisory LLC now owns 110,571 shares of the exchange traded fund’s stock valued at $13,730,000 after buying an additional 80,126 shares in the last quarter. 75.33% of the stock is currently owned by institutional investors.

iShares Russell 1000 Growth ETF Stock Performance

NYSEARCA:IWF opened at $123.02 on Wednesday. The company has a 50-day moving average of $121.89 and a 200-day moving average of $118.93. The company has a market capitalization of $126.05 billion, a price-to-earnings ratio of 33.43 and a beta of 1.17. iShares Russell 1000 Growth ETF has a 52 week low of $102.23 and a 52 week high of $129.14.

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. The index represents approximately 50% of the total market capitalization of the Russell 1000 Index.