LPL Financial LLC Increases Stock Position in iShares Russell 1000 Growth ETF $IWF

LPL Financial LLC boosted its stake in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 1.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,755,659 shares of the exchange traded fund’s stock after acquiring an additional 63,975 shares during the quarter. LPL Financial LLC’s holdings in iShares Russell 1000 Growth ETF were worth $1,777,554,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Godsey & Gibb Inc. purchased a new position in iShares Russell 1000 Growth ETF during the fourth quarter worth about $27,000. Concord Wealth Partners boosted its stake in shares of iShares Russell 1000 Growth ETF by 210.0% in the fourth quarter. Concord Wealth Partners now owns 62 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 42 shares during the period. Reyes Financial Architecture Inc. purchased a new position in shares of iShares Russell 1000 Growth ETF in the fourth quarter valued at approximately $30,000. Networth Advisors LLC purchased a new position in shares of iShares Russell 1000 Growth ETF in the fourth quarter valued at approximately $32,000. Finally, Holos Integrated Wealth LLC purchased a new position in shares of iShares Russell 1000 Growth ETF in the fourth quarter valued at approximately $35,000. Hedge funds and other institutional investors own 75.33% of the company’s stock.

iShares Russell 1000 Growth ETF Stock Performance

NYSEARCA IWF opened at $122.69 on Monday. The firm has a 50 day simple moving average of $118.80 and a 200-day simple moving average of $116.75. iShares Russell 1000 Growth ETF has a one year low of $100.47 and a one year high of $129.14. The firm has a market cap of $128.14 billion, a price-to-earnings ratio of 33.43 and a beta of 1.16.

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.