iShares Russell 1000 Growth ETF (NYSEARCA:IWF) Stock Position Cut by McCarthy Asset Management Inc.

McCarthy Asset Management Inc. trimmed its stake in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 0.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 11,434 shares of the exchange traded fund’s stock after selling 52 shares during the period. iShares Russell 1000 Growth ETF makes up about 2.2% of McCarthy Asset Management Inc.’s holdings, making the stock its 11th largest position. McCarthy Asset Management Inc.’s holdings in iShares Russell 1000 Growth ETF were worth $3,467,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. BluePath Capital Management LLC purchased a new stake in shares of iShares Russell 1000 Growth ETF during the third quarter valued at $27,000. Cranbrook Wealth Management LLC acquired a new stake in shares of iShares Russell 1000 Growth ETF in the fourth quarter worth $30,000. Planned Solutions Inc. bought a new stake in shares of iShares Russell 1000 Growth ETF during the 4th quarter worth $34,000. Sound Income Strategies LLC grew its stake in iShares Russell 1000 Growth ETF by 772.2% in the 4th quarter. Sound Income Strategies LLC now owns 157 shares of the exchange traded fund’s stock valued at $48,000 after buying an additional 139 shares during the last quarter. Finally, Mendota Financial Group LLC bought a new position in shares of iShares Russell 1000 Growth ETF in the fourth quarter worth about $57,000.

iShares Russell 1000 Growth ETF Stock Up 1.8 %

Shares of IWF stock traded up $5.94 during trading hours on Friday, reaching $327.99. 857,404 shares of the company’s stock were exchanged, compared to its average volume of 1,409,033. The stock has a market capitalization of $86.90 billion, a P/E ratio of 36.72 and a beta of 1.20. iShares Russell 1000 Growth ETF has a fifty-two week low of $241.20 and a fifty-two week high of $340.83. The business has a fifty day moving average price of $331.14 and a 200-day moving average price of $307.72.

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.