Avantax Planning Partners Inc. increased its position in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF – Free Report) by 28.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 92,599 shares of the exchange traded fund’s stock after purchasing an additional 20,461 shares during the period. iShares Russell 1000 Growth ETF makes up about 1.1% of Avantax Planning Partners Inc.’s portfolio, making the stock its 18th biggest position. Avantax Planning Partners Inc.’s holdings in iShares Russell 1000 Growth ETF were worth $39,484,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE lifted its stake in iShares Russell 1000 Growth ETF by 1.6% in the fourth quarter. Bank of America Corp DE now owns 28,021,788 shares of the exchange traded fund’s stock worth $13,262,712,000 after acquiring an additional 443,914 shares during the period. Morgan Stanley raised its holdings in shares of iShares Russell 1000 Growth ETF by 2.2% in the 4th quarter. Morgan Stanley now owns 27,636,174 shares of the exchange traded fund’s stock valued at $13,080,203,000 after purchasing an additional 587,889 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of iShares Russell 1000 Growth ETF by 1.0% in the 4th quarter. JPMorgan Chase & Co. now owns 7,496,501 shares of the exchange traded fund’s stock valued at $3,548,095,000 after purchasing an additional 70,843 shares in the last quarter. Northern Trust Corp lifted its position in shares of iShares Russell 1000 Growth ETF by 1.9% in the 4th quarter. Northern Trust Corp now owns 5,560,417 shares of the exchange traded fund’s stock worth $2,631,745,000 after purchasing an additional 101,545 shares during the period. Finally, LPL Financial LLC lifted its position in shares of iShares Russell 1000 Growth ETF by 1.7% in the 4th quarter. LPL Financial LLC now owns 3,755,659 shares of the exchange traded fund’s stock worth $1,777,554,000 after purchasing an additional 63,975 shares during the period. Hedge funds and other institutional investors own 75.33% of the company’s stock.
iShares Russell 1000 Growth ETF Stock Performance
NYSEARCA IWF opened at $121.59 on Tuesday. The firm’s 50 day moving average price is $123.30 and its 200-day moving average price is $117.46. iShares Russell 1000 Growth ETF has a 52-week low of $102.23 and a 52-week high of $129.14. The company has a market cap of $125.52 billion, a PE ratio of 33.43 and a beta of 1.16.
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.
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