Modera Wealth Management LLC Makes New $133.88 Million Investment in iShares Russell 1000 Growth ETF $IWF

Modera Wealth Management LLC bought a new position in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) during the 3rd quarter, HoldingsChannel reports. The fund bought 1,068,833 shares of the exchange traded fund’s stock, valued at approximately $133,882,000. iShares Russell 1000 Growth ETF accounts for approximately 1.4% of Modera Wealth Management LLC’s holdings, making the stock its 15th largest holding.

Other hedge funds also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its position in shares of iShares Russell 1000 Growth ETF by 291.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 20,963,458 shares of the exchange traded fund’s stock valued at $2,603,007,000 after buying an additional 15,614,625 shares in the last quarter. Baird Financial Group Inc. raised its position in iShares Russell 1000 Growth ETF by 312.9% during 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. Signaturefd LLC bought a new stake in iShares Russell 1000 Growth ETF during the third quarter worth $924,594,000. Stairway Partners LLC bought a new stake in iShares Russell 1000 Growth ETF during the third quarter worth $198,042,000. Finally, D.A. Davidson & CO. bought a new stake in iShares Russell 1000 Growth ETF during the third quarter worth $188,258,000. Institutional investors own 75.33% of the company’s stock.

iShares Russell 1000 Growth ETF Stock Performance

Shares of IWF stock opened at $117.61 on Friday. iShares Russell 1000 Growth ETF has a fifty-two week low of $102.23 and a fifty-two week high of $129.80. The stock’s fifty day moving average price is $123.62 and its two-hundred day moving average price is $119.44. The company has a market cap of $120.14 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.