Smallwood Wealth Investment Management LLC Purchases New Position in iShares Russell 1000 Growth ETF (NYSEARCA:IWF)

Smallwood Wealth Investment Management LLC acquired a new stake in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) in the 1st quarter, Holdings Channel reports. The fund acquired 150 shares of the exchange traded fund’s stock, valued at approximately $54,000.

Several other hedge funds also recently made changes to their positions in IWF. Toth Financial Advisory Corp boosted its position in shares of iShares Russell 1000 Growth ETF by 329.4% in the 1st quarter. Toth Financial Advisory Corp now owns 73 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 56 shares during the period. Runnymede Capital Advisors Inc. purchased a new stake in iShares Russell 1000 Growth ETF in the fourth quarter valued at approximately $27,000. EQ Wealth Advisors LLC acquired a new stake in shares of iShares Russell 1000 Growth ETF in the first quarter valued at approximately $32,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of iShares Russell 1000 Growth ETF in the fourth quarter valued at approximately $46,000. Finally, one8zero8 LLC purchased a new position in shares of iShares Russell 1000 Growth ETF during the fourth quarter worth approximately $47,000. Hedge funds and other institutional investors own 75.33% of the company’s stock.

iShares Russell 1000 Growth ETF Price Performance

Shares of iShares Russell 1000 Growth ETF stock opened at $424.58 on Tuesday. The firm’s fifty day simple moving average is $393.74 and its 200-day simple moving average is $389.94. iShares Russell 1000 Growth ETF has a 12 month low of $308.67 and a 12 month high of $425.68. The stock has a market capitalization of $111.75 billion, a price-to-earnings ratio of 33.43 and a beta of 1.08.

iShares Russell 1000 Growth ETF 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.