Rialto Wealth Management LLC Cuts Stock Holdings in iShares Russell 1000 Growth ETF $IWF

Rialto Wealth Management LLC reduced its stake in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 23.0% during the 2nd quarter, Holdings Channel reports. The fund owned 955 shares of the exchange traded fund’s stock after selling 285 shares during the quarter. Rialto Wealth Management LLC’s holdings in iShares Russell 1000 Growth ETF were worth $405,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Concord Wealth Partners raised its position in iShares Russell 1000 Growth ETF by 1,966.7% in the 2nd quarter. Concord Wealth Partners now owns 62 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 59 shares in the last quarter. HighMark Wealth Management LLC grew its position in shares of iShares Russell 1000 Growth ETF by 60.5% during the second quarter. HighMark Wealth Management LLC now owns 69 shares of the exchange traded fund’s stock worth $29,000 after buying an additional 26 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of iShares Russell 1000 Growth ETF during the first quarter worth approximately $31,000. Hughes Financial Services LLC purchased a new stake in shares of iShares Russell 1000 Growth ETF during the first quarter worth approximately $33,000. Finally, First Community Trust NA raised its holdings in iShares Russell 1000 Growth ETF by 525.0% in the second quarter. First Community Trust NA now owns 125 shares of the exchange traded fund’s stock valued at $53,000 after acquiring an additional 105 shares in the last quarter. 75.33% of the stock is owned by institutional investors and hedge funds.

iShares Russell 1000 Growth ETF Stock Down 0.2%

Shares of iShares Russell 1000 Growth ETF stock opened at $471.43 on Friday. iShares Russell 1000 Growth ETF has a 52-week low of $308.67 and a 52-week high of $493.00. The company has a market capitalization of $122.41 billion, a P/E ratio of 33.43 and a beta of 1.13. The company has a 50 day moving average of $467.84 and a 200 day moving average of $433.02.

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.