Texas Capital Bank Wealth Management Services Inc Grows Position in iShares Russell 1000 Growth ETF $IWF

Texas Capital Bank Wealth Management Services Inc raised its holdings in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 497.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,652 shares of the exchange traded fund’s stock after purchasing an additional 4,706 shares during the quarter. Texas Capital Bank Wealth Management Services Inc’s holdings in iShares Russell 1000 Growth ETF were worth $2,675,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Waystone Advisors LLC purchased a new stake in iShares Russell 1000 Growth ETF during the fourth quarter valued at about $1,104,000. MTM Investment Management LLC lifted its holdings in shares of iShares Russell 1000 Growth ETF by 0.5% in the fourth quarter. MTM Investment Management LLC now owns 12,501 shares of the exchange traded fund’s stock worth $5,917,000 after buying an additional 68 shares in the last quarter. Coordinated Financial Services Inc. lifted its holdings in shares of iShares Russell 1000 Growth ETF by 32.1% in the fourth quarter. Coordinated Financial Services Inc. now owns 1,706 shares of the exchange traded fund’s stock worth $807,000 after buying an additional 415 shares in the last quarter. Expressive Wealth LLC purchased a new stake in shares of iShares Russell 1000 Growth ETF in the fourth quarter worth about $781,000. Finally, TrustBank purchased a new stake in shares of iShares Russell 1000 Growth ETF in the fourth quarter worth about $805,000. 75.33% of the stock is owned by hedge funds and other institutional investors.

iShares Russell 1000 Growth ETF Trading Up 0.0%

Shares of iShares Russell 1000 Growth ETF stock opened at $125.71 on Thursday. The company’s 50-day moving average price is $116.24 and its 200-day moving average price is $116.34. The company has a market cap of $131.29 billion, a price-to-earnings ratio of 33.43 and a beta of 1.16. iShares Russell 1000 Growth ETF has a 12-month low of $98.47 and a 12-month high of $126.14.

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.