iShares Russell 1000 Growth ETF (NYSEARCA:IWF) Stock Break Below 200-Day Moving Average – Should You Sell?

iShares Russell 1000 Growth ETF (NYSEARCA:IWF)’s share price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $119.44 and traded as low as $116.35. iShares Russell 1000 Growth ETF shares last traded at $117.61, with a volume of 10,267,283 shares trading hands.

iShares Russell 1000 Growth ETF Price Performance

The business has a 50 day moving average of $123.62 and a 200 day moving average of $119.44. The company has a market cap of $120.14 billion, a PE ratio of 33.43 and a beta of 1.16.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its stake in iShares Russell 1000 Growth ETF by 291.9% during the second quarter. Envestnet Asset Management Inc. now owns 20,963,458 shares of the exchange traded fund’s stock worth $2,603,007,000 after acquiring an additional 15,614,625 shares in the last quarter. Baird Financial Group Inc. increased its holdings in iShares Russell 1000 Growth ETF by 312.9% in the 2nd quarter. Baird Financial Group Inc. now owns 11,588,776 shares of the exchange traded fund’s stock worth $1,438,978,000 after buying an additional 8,781,777 shares in the last quarter. Signaturefd LLC purchased a new stake in iShares Russell 1000 Growth ETF in the third quarter worth approximately $924,594,000. Cetera Investment Advisers increased its position in shares of iShares Russell 1000 Growth ETF by 0.4% during the 1st quarter. Cetera Investment Advisers now owns 1,569,465 shares of the exchange traded fund’s stock valued at $669,220,000 after purchasing an additional 6,404 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in iShares Russell 1000 Growth ETF by 153.2% in the first quarter. Fifth Third Bancorp now owns 983,920 shares of the exchange traded fund’s stock worth $419,544,000 after acquiring an additional 595,395 shares during the period. 75.33% of the stock is currently owned by institutional investors.

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.