McCarthy Asset Management Inc. Has $3.97 Million Stock Holdings in iShares Russell 1000 Growth ETF $IWF

McCarthy Asset Management Inc. cut its stake in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 0.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 10,987 shares of the exchange traded fund’s stock after selling 59 shares during the quarter. iShares Russell 1000 Growth ETF accounts for 2.9% of McCarthy Asset Management Inc.’s investment portfolio, making the stock its 11th biggest position. McCarthy Asset Management Inc.’s holdings in iShares Russell 1000 Growth ETF were worth $3,967,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Apexium Financial LP raised its stake in iShares Russell 1000 Growth ETF by 2.2% in the first quarter. Apexium Financial LP now owns 18,748 shares of the exchange traded fund’s stock valued at $6,770,000 after buying an additional 405 shares during the period. RPg Family Wealth Advisory LLC bought a new stake in iShares Russell 1000 Growth ETF in the first quarter valued at approximately $1,787,000. Smartleaf Asset Management LLC raised its stake in iShares Russell 1000 Growth ETF by 99.3% in the first quarter. Smartleaf Asset Management LLC now owns 600 shares of the exchange traded fund’s stock valued at $216,000 after buying an additional 299 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in iShares Russell 1000 Growth ETF by 4.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 646,089 shares of the exchange traded fund’s stock valued at $233,296,000 after buying an additional 26,199 shares during the period. Finally, Sax Wealth Advisors LLC raised its stake in iShares Russell 1000 Growth ETF by 12.3% in the first quarter. Sax Wealth Advisors LLC now owns 12,863 shares of the exchange traded fund’s stock valued at $4,645,000 after buying an additional 1,409 shares during the period. 75.33% of the stock is owned by institutional investors and hedge funds.

iShares Russell 1000 Growth ETF Stock Up 1.6%

NYSEARCA:IWF opened at $445.26 on Monday. The stock’s 50 day moving average price is $431.48 and its two-hundred day moving average price is $397.80. The firm has a market capitalization of $116.37 billion, a price-to-earnings ratio of 33.43 and a beta of 1.08. iShares Russell 1000 Growth ETF has a 12-month low of $308.67 and a 12-month high of $452.81.

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.