iShares Russell 1000 Growth ETF (NYSEARCA:IWF) Sets New 12-Month High – What’s Next?
by Scott Moore · The Cerbat GemiShares Russell 1000 Growth ETF (NYSEARCA:IWF – Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $126.14 and last traded at $126.10, with a volume of 651371 shares. The stock had previously closed at $125.00.
iShares Russell 1000 Growth ETF Stock Performance
The firm has a 50 day moving average of $116.24 and a 200-day moving average of $116.34. The stock has a market capitalization of $132.76 billion, a PE ratio of 33.43 and a beta of 1.16.
Institutional Investors Weigh In On iShares Russell 1000 Growth ETF
Several hedge funds have recently bought and sold shares of the business. Breakwater Capital Group raised its holdings in iShares Russell 1000 Growth ETF by 3.0% during the 3rd quarter. Breakwater Capital Group now owns 38,154 shares of the exchange traded fund’s stock worth $17,872,000 after purchasing an additional 1,095 shares during the last quarter. Bright Futures Wealth Management LLC. bought a new position in shares of iShares Russell 1000 Growth ETF in the 3rd quarter valued at about $532,000. 1ST Source Bank boosted its stake in shares of iShares Russell 1000 Growth ETF by 0.8% in the 3rd quarter. 1ST Source Bank now owns 568,098 shares of the exchange traded fund’s stock valued at $266,103,000 after purchasing an additional 4,486 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in shares of iShares Russell 1000 Growth ETF by 3.3% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 67,884 shares of the exchange traded fund’s stock valued at $32,130,000 after purchasing an additional 2,139 shares during the last quarter. Finally, RFG Advisory LLC boosted its stake in shares of iShares Russell 1000 Growth ETF by 3.7% in the 3rd quarter. RFG Advisory LLC now owns 33,366 shares of the exchange traded fund’s stock valued at $15,629,000 after purchasing an additional 1,201 shares during the last quarter. 75.33% of the stock is owned by hedge funds and other institutional investors.
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.