Richardson Capital Management LLC Makes New $665,000 Investment in iShares Russell 1000 Growth ETF $IWF

Richardson Capital Management LLC bought a new position in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) during the third quarter, Holdings Channel reports. The fund bought 5,311 shares of the exchange traded fund’s stock, valued at approximately $665,000. iShares Russell 1000 Growth ETF comprises about 0.3% of Richardson Capital Management LLC’s holdings, making the stock its 19th largest position.

Other hedge funds have also modified their holdings of the company. Norris Perne & French LLP MI acquired a new position in shares of iShares Russell 1000 Growth ETF in the third quarter worth about $1,132,000. Signaturefd LLC purchased a new position in shares of iShares Russell 1000 Growth ETF in the third quarter worth approximately $924,594,000. ORBA Wealth Advisors L.L.C. increased its position in shares of iShares Russell 1000 Growth ETF by 30.1% in the third quarter. ORBA Wealth Advisors L.L.C. now owns 5,022 shares of the exchange traded fund’s stock worth $629,000 after acquiring an additional 1,161 shares in the last quarter. Citizens Financial Group Inc. RI acquired a new stake in shares of iShares Russell 1000 Growth ETF during the third quarter valued at approximately $19,246,000. Finally, Anderson Hoagland & Co. acquired a new stake in shares of iShares Russell 1000 Growth ETF during the third quarter valued at approximately $972,000. 75.33% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell 1000 Growth ETF Stock Performance

Shares of NYSEARCA:IWF opened at $119.61 on Friday. The firm has a 50 day simple moving average of $123.84 and a 200 day simple moving average of $122.16. iShares Russell 1000 Growth ETF has a 52 week low of $102.23 and a 52 week high of $129.80. The company has a market cap of $122.59 billion, a PE ratio of 33.43 and a beta of 1.16.

About iShares Russell 1000 Growth ETF

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.