iShares Russell 1000 Growth ETF $IWF Shares Acquired by Merit Financial Group LLC

Merit Financial Group LLC boosted its stake in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 172.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 44,105 shares of the exchange traded fund’s stock after acquiring an additional 27,920 shares during the quarter. Merit Financial Group LLC’s holdings in iShares Russell 1000 Growth ETF were worth $20,875,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. CIBC Bancorp USA Inc. bought a new stake in shares of iShares Russell 1000 Growth ETF during the 3rd quarter worth about $452,320,000. Focus Partners Wealth boosted its holdings in shares of iShares Russell 1000 Growth ETF by 75.0% in the third quarter. Focus Partners Wealth now owns 1,324,870 shares of the exchange traded fund’s stock valued at $620,714,000 after acquiring an additional 568,001 shares in the last quarter. Northern Trust Corp increased its stake in shares of iShares Russell 1000 Growth ETF by 8.1% during the third quarter. Northern Trust Corp now owns 5,458,872 shares of the exchange traded fund’s stock valued at $2,556,990,000 after acquiring an additional 409,416 shares during the period. Tcfg Wealth Management LLC increased its stake in shares of iShares Russell 1000 Growth ETF by 26,473.7% during the third quarter. Tcfg Wealth Management LLC now owns 366,717 shares of the exchange traded fund’s stock valued at $171,774,000 after acquiring an additional 365,337 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in iShares Russell 1000 Growth ETF by 2.9% during the third quarter. JPMorgan Chase & Co. now owns 7,425,658 shares of the exchange traded fund’s stock worth $3,478,253,000 after purchasing an additional 209,315 shares in the last quarter. Institutional investors and hedge funds own 75.33% of the company’s stock.

iShares Russell 1000 Growth ETF Price Performance

IWF opened at $469.23 on Friday. The business has a 50 day moving average price of $444.66 and a two-hundred day moving average price of $462.77. The company has a market capitalization of $123.52 billion, a price-to-earnings ratio of 33.43 and a beta of 1.17. iShares Russell 1000 Growth ETF has a 1-year low of $328.33 and a 1-year high of $493.00.

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.