iShares Russell 1000 Growth ETF (NYSEARCA:IWF) Hits New 1-Year High – What’s Next?

iShares Russell 1000 Growth ETF (NYSEARCA:IWF)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $477.63 and last traded at $477.68, with a volume of 66533 shares. The stock had previously closed at $472.93.

iShares Russell 1000 Growth ETF Price Performance

The firm has a market capitalization of $123.59 billion, a P/E ratio of 33.43 and a beta of 1.08. The stock’s fifty day simple moving average is $460.35 and its 200 day simple moving average is $423.60.

Hedge Funds Weigh In On iShares Russell 1000 Growth ETF

Hedge funds have recently modified their holdings of the stock. Concord Wealth Partners increased its holdings in shares of iShares Russell 1000 Growth ETF by 1,966.7% during the second quarter. Concord Wealth Partners now owns 62 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 59 shares in the last quarter. HighMark Wealth Management LLC increased its holdings in shares of iShares Russell 1000 Growth ETF by 60.5% during the second quarter. HighMark Wealth Management LLC now owns 69 shares of the exchange traded fund’s stock valued at $29,000 after acquiring an additional 26 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of iShares Russell 1000 Growth ETF during the first quarter valued at about $31,000. Bell Investment Advisors Inc acquired a new position in shares of iShares Russell 1000 Growth ETF during the second quarter valued at about $32,000. Finally, Hughes Financial Services LLC purchased a new stake in iShares Russell 1000 Growth ETF in the first quarter valued at approximately $33,000. Institutional investors and hedge funds own 75.33% of the company’s stock.

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.