Financial Advocates Investment Management Lowers Stock Position in iShares Russell 1000 Growth ETF $IWF

Financial Advocates Investment Management cut its stake in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 80.6% in the third quarter, HoldingsChannel reports. The fund owned 480 shares of the exchange traded fund’s stock after selling 1,995 shares during the period. Financial Advocates Investment Management’s holdings in iShares Russell 1000 Growth ETF were worth $225,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC increased its stake in shares of iShares Russell 1000 Growth ETF by 2.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 6,447 shares of the exchange traded fund’s stock worth $2,589,000 after purchasing an additional 153 shares in the last quarter. Bison Wealth LLC increased its stake in iShares Russell 1000 Growth ETF by 20.5% in the 4th quarter. Bison Wealth LLC now owns 22,897 shares of the exchange traded fund’s stock worth $9,195,000 after buying an additional 3,888 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. bought a new stake in iShares Russell 1000 Growth ETF during the second quarter valued at about $320,000. Ritholtz Wealth Management lifted its position in shares of iShares Russell 1000 Growth ETF by 32.3% in the second quarter. Ritholtz Wealth Management now owns 3,405 shares of the exchange traded fund’s stock valued at $1,446,000 after acquiring an additional 832 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in shares of iShares Russell 1000 Growth ETF by 72.1% in the second quarter. Allianz Asset Management GmbH now owns 58,600 shares of the exchange traded fund’s stock worth $24,880,000 after acquiring an additional 24,550 shares during the period. Institutional investors own 75.33% of the company’s stock.

iShares Russell 1000 Growth ETF Trading Down 2.0%

NYSEARCA:IWF opened at $448.96 on Friday. The stock has a 50-day moving average price of $470.16 and a 200 day moving average price of $464.98. The stock has a market capitalization of $115.47 billion, a P/E ratio of 33.43 and a beta of 1.13. iShares Russell 1000 Growth ETF has a 12-month low of $308.67 and a 12-month high of $493.00.

iShares Russell 1000 Growth ETF 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.