PFG Private Wealth Management LLC Reduces Stock Position in iShares Russell 1000 Growth ETF $IWF

PFG Private Wealth Management LLC reduced its stake in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 77.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 508 shares of the exchange traded fund’s stock after selling 1,740 shares during the period. PFG Private Wealth Management LLC’s holdings in iShares Russell 1000 Growth ETF were worth $240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in IWF. Breakwater Capital Group boosted its position in shares of iShares Russell 1000 Growth ETF by 3.0% in the third quarter. Breakwater Capital Group now owns 38,154 shares of the exchange traded fund’s stock valued at $17,872,000 after acquiring an additional 1,095 shares during the period. First Horizon Corp bought a new stake in iShares Russell 1000 Growth ETF during the 3rd quarter worth approximately $39,629,000. Dynasty Wealth Management LLC purchased a new stake in iShares Russell 1000 Growth ETF in the 3rd quarter worth approximately $16,626,000. Bright Futures Wealth Management LLC. purchased a new stake in iShares Russell 1000 Growth ETF in the 3rd quarter worth approximately $532,000. Finally, Permanent Capital Management LP bought a new position in iShares Russell 1000 Growth ETF in the 3rd quarter valued at $4,100,000. 75.33% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell 1000 Growth ETF Price Performance

IWF opened at $426.40 on Wednesday. The firm has a market capitalization of $109.67 billion, a P/E ratio of 33.43 and a beta of 1.13. iShares Russell 1000 Growth ETF has a one year low of $308.67 and a one year high of $493.00. The company has a fifty day moving average price of $449.42 and a 200-day moving average price of $464.47.

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.