Steph & Co. Purchases New Holdings in iShares Russell 1000 Growth ETF $IWF

Steph & Co. 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 SEC. The institutional investor acquired 11,620 shares of the exchange traded fund’s stock, valued at approximately $1,456,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IWF. Marks Group Wealth Management Inc grew its holdings in shares of iShares Russell 1000 Growth ETF by 2.1% during the fourth quarter. Marks Group Wealth Management Inc now owns 1,123 shares of the exchange traded fund’s stock worth $532,000 after buying an additional 23 shares in the last quarter. Blankinship & Foster LLC lifted its stake in shares of iShares Russell 1000 Growth ETF by 0.4% in the first quarter. Blankinship & Foster LLC now owns 5,589 shares of the exchange traded fund’s stock worth $2,383,000 after buying an additional 24 shares in the last quarter. Cambridge Advisors Inc. lifted its stake in shares of iShares Russell 1000 Growth ETF by 0.4% in the first quarter. Cambridge Advisors Inc. now owns 6,509 shares of the exchange traded fund’s stock worth $2,775,000 after buying an additional 25 shares in the last quarter. SageGuard Financial Group LLC boosted its position in iShares Russell 1000 Growth ETF by 4.4% during the first quarter. SageGuard Financial Group LLC now owns 587 shares of the exchange traded fund’s stock worth $250,000 after acquiring an additional 25 shares during the last quarter. Finally, Balboa Wealth Partners grew its stake in iShares Russell 1000 Growth ETF by 1.4% during the 1st quarter. Balboa Wealth Partners now owns 1,947 shares of the exchange traded fund’s stock valued at $830,000 after acquiring an additional 26 shares in the last quarter. Hedge funds and other institutional investors own 75.33% of the company’s stock.

iShares Russell 1000 Growth ETF Trading Down 0.3%

IWF stock traded down $0.43 during mid-day trading on Wednesday, reaching $128.76. The company’s stock had a trading volume of 2,406,223 shares, compared to its average volume of 7,557,513. The stock has a market cap of $131.19 billion, a PE ratio of 33.43 and a beta of 1.16. iShares Russell 1000 Growth ETF has a fifty-two week low of $102.23 and a fifty-two week high of $129.80. The company’s 50 day moving average is $123.61 and its two-hundred day moving average is $120.79.

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.