Avidian Wealth Enterprises LLC purchased a new position in iShares Russell 1000 Growth ETF (NYSEARCA:IWF – Free Report) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 497,031 shares of the exchange traded fund’s stock, valued at approximately $62,258,000. iShares Russell 1000 Growth ETF accounts for approximately 1.7% of Avidian Wealth Enterprises LLC’s holdings, making the stock its 11th biggest position.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its position 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 purchasing an additional 15,614,625 shares in the last quarter. Baird Financial Group Inc. grew its position in shares of iShares Russell 1000 Growth ETF by 312.9% in the second quarter. Baird Financial Group Inc. now owns 11,588,776 shares of the exchange traded fund’s stock valued at $1,438,978,000 after purchasing an additional 8,781,777 shares in the last quarter. Stairway Partners LLC purchased a new position in iShares Russell 1000 Growth ETF during the third quarter worth approximately $198,042,000. Waverly Advisors LLC grew its holdings in iShares Russell 1000 Growth ETF by 585.1% in the 2nd quarter. Waverly Advisors LLC now owns 1,393,291 shares of the exchange traded fund’s stock valued at $173,005,000 after buying an additional 1,189,910 shares in the last quarter. Finally, 71 West Capital Partners acquired a new stake in shares of iShares Russell 1000 Growth ETF in the 4th quarter worth $385,150,000. 75.33% of the stock is owned by institutional investors and hedge funds.
iShares Russell 1000 Growth ETF Trading Down 1.4%
IWF stock traded down $1.77 during midday trading on Thursday, hitting $126.99. 2,316,947 shares of the company’s stock were exchanged, compared to its average volume of 7,528,899. The stock has a market capitalization of $129.39 billion, a PE ratio of 33.43 and a beta of 1.16. iShares Russell 1000 Growth ETF has a 1-year low of $102.23 and a 1-year high of $129.80. The business has a 50-day simple moving average of $123.61 and a two-hundred day simple moving average of $120.79.
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.
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