Verus Wealth Management LLC Takes $1.25 Million Position in iShares Russell 1000 Growth ETF (NYSEARCA:IWF)

Verus Wealth Management LLC bought a new stake in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,122 shares of the exchange traded fund’s stock, valued at approximately $1,254,000. iShares Russell 1000 Growth ETF makes up approximately 1.4% of Verus Wealth Management LLC’s holdings, making the stock its 18th biggest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Fulton Breakefield Broenniman LLC acquired a new position in iShares Russell 1000 Growth ETF during the 4th quarter worth approximately $201,000. Signature Wealth Management Partners LLC increased its position in iShares Russell 1000 Growth ETF by 1.5% during the 4th quarter. Signature Wealth Management Partners LLC now owns 2,583 shares of the exchange traded fund’s stock worth $1,037,000 after purchasing an additional 38 shares in the last quarter. Mayflower Financial Advisors LLC increased its position in iShares Russell 1000 Growth ETF by 64.3% during the 4th quarter. Mayflower Financial Advisors LLC now owns 2,019 shares of the exchange traded fund’s stock worth $811,000 after purchasing an additional 790 shares in the last quarter. Denver Wealth Management Inc. grew its holdings in iShares Russell 1000 Growth ETF by 0.4% during the 4th quarter. Denver Wealth Management Inc. now owns 32,402 shares of the exchange traded fund’s stock worth $13,012,000 after acquiring an additional 132 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC bought a new stake in iShares Russell 1000 Growth ETF during the 4th quarter worth approximately $278,000.

iShares Russell 1000 Growth ETF Price Performance

IWF opened at $412.50 on Wednesday. iShares Russell 1000 Growth ETF has a fifty-two week low of $310.51 and a fifty-two week high of $419.53. The firm has a market capitalization of $109.13 billion, a price-to-earnings ratio of 35.64 and a beta of 1.20. The company’s 50 day moving average price is $406.18 and its two-hundred day moving average price is $382.42.

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.