SMI Advisory Services LLC Makes New $605,000 Investment in iShares Russell 1000 Growth ETF $IWF

SMI Advisory Services LLC bought a new position in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 1,403 shares of the exchange traded fund’s stock, valued at approximately $605,000. iShares Russell 1000 Growth ETF makes up 0.1% of SMI Advisory Services LLC’s portfolio, making the stock its 26th largest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. ACT Wealth Management LLC grew its holdings in shares of iShares Russell 1000 Growth ETF by 3.0% during the second quarter. ACT Wealth Management LLC now owns 820 shares of the exchange traded fund’s stock worth $348,000 after buying an additional 24 shares in the last quarter. Creative Financial Designs Inc. ADV grew its holdings in shares of iShares Russell 1000 Growth ETF by 1.6% during the first quarter. Creative Financial Designs Inc. ADV now owns 1,831 shares of the exchange traded fund’s stock worth $661,000 after buying an additional 29 shares in the last quarter. Midwest Professional Planners LTD. grew its holdings in shares of iShares Russell 1000 Growth ETF by 0.4% during the first quarter. Midwest Professional Planners LTD. now owns 6,809 shares of the exchange traded fund’s stock worth $2,458,000 after buying an additional 30 shares in the last quarter. Laurel Wealth Advisors LLC grew its holdings in shares of iShares Russell 1000 Growth ETF by 0.8% during the first quarter. Laurel Wealth Advisors LLC now owns 4,015 shares of the exchange traded fund’s stock worth $1,450,000 after buying an additional 31 shares in the last quarter. Finally, Arvest Investments Inc. grew its holdings in shares of iShares Russell 1000 Growth ETF by 3.0% during the first quarter. Arvest Investments Inc. now owns 1,097 shares of the exchange traded fund’s stock worth $396,000 after buying an additional 32 shares in the last quarter. 75.33% of the stock is currently owned by institutional investors.

iShares Russell 1000 Growth ETF Stock Up 0.4%

iShares Russell 1000 Growth ETF stock opened at $468.41 on Wednesday. iShares Russell 1000 Growth ETF has a 52-week low of $308.67 and a 52-week high of $473.01. The firm has a market capitalization of $122.42 billion, a price-to-earnings ratio of 33.43 and a beta of 1.08. The company has a fifty day simple moving average of $450.33 and a 200-day simple moving average of $409.51.

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.