Valpey Financial Services LLC Increases Stock Holdings in iShares Russell 1000 Growth ETF $IWF
by Teresa Graham · The Cerbat GemValpey Financial Services LLC lifted its position in iShares Russell 1000 Growth ETF (NYSEARCA:IWF – Free Report) by 45,593.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 356,868 shares of the exchange traded fund’s stock after purchasing an additional 356,087 shares during the quarter. iShares Russell 1000 Growth ETF comprises about 0.9% of Valpey Financial Services LLC’s holdings, making the stock its 28th biggest holding. Valpey Financial Services LLC owned approximately 0.14% of iShares Russell 1000 Growth ETF worth $168,906,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of IWF. CIBC Bancorp USA Inc. purchased a new stake in shares of iShares Russell 1000 Growth ETF in the third quarter valued at about $452,320,000. Focus Partners Wealth grew 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 purchasing an additional 568,001 shares during the period. Northern Trust Corp grew its holdings in shares of iShares Russell 1000 Growth ETF by 8.1% in 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 purchasing an additional 409,416 shares during the period. Tcfg Wealth Management LLC grew its holdings in shares of iShares Russell 1000 Growth ETF by 26,473.7% in 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 purchasing an additional 365,337 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of iShares Russell 1000 Growth ETF by 2.9% in the third quarter. JPMorgan Chase & Co. now owns 7,425,658 shares of the exchange traded fund’s stock valued at $3,478,253,000 after purchasing an additional 209,315 shares during the period. Hedge funds and other institutional investors own 75.33% of the company’s stock.
iShares Russell 1000 Growth ETF Trading Up 1.1%
Shares of IWF opened at $127.12 on Friday. iShares Russell 1000 Growth ETF has a 12-month low of $98.47 and a 12-month high of $127.20. The firm has a 50-day moving average price of $116.56 and a 200 day moving average price of $116.41. The firm has a market capitalization of $132.76 billion, a P/E ratio of 33.43 and a beta of 1.16.
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.
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