iShares Russell 1000 Growth ETF $IWF Holdings Lowered by Biondo Investment Advisors LLC

Biondo Investment Advisors LLC trimmed its stake in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 12.3% in the 1st quarter, HoldingsChannel reports. The firm owned 6,879 shares of the exchange traded fund’s stock after selling 966 shares during the quarter. Biondo Investment Advisors LLC’s holdings in iShares Russell 1000 Growth ETF were worth $2,484,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Revolve Wealth Partners LLC grew its holdings in shares of iShares Russell 1000 Growth ETF by 2.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 6,447 shares of the exchange traded fund’s stock valued at $2,589,000 after buying an additional 153 shares in the last quarter. Invesco Ltd. purchased a new position in shares of iShares Russell 1000 Growth ETF during the fourth quarter valued at $342,000. First Trust Advisors LP purchased a new position in shares of iShares Russell 1000 Growth ETF during the fourth quarter valued at $384,000. Burling Wealth Partners LLC purchased a new position in shares of iShares Russell 1000 Growth ETF during the fourth quarter valued at $662,000. Finally, Integrated Wealth Concepts LLC grew its holdings in shares of iShares Russell 1000 Growth ETF by 14.2% during the fourth quarter. Integrated Wealth Concepts LLC now owns 31,593 shares of the exchange traded fund’s stock valued at $12,687,000 after buying an additional 3,931 shares in the last quarter. 75.33% of the stock is owned by hedge funds and other institutional investors.

iShares Russell 1000 Growth ETF Trading Up 1.6%

Shares of IWF stock opened at $445.26 on Friday. iShares Russell 1000 Growth ETF has a 1-year low of $308.67 and a 1-year high of $452.81. The company has a market capitalization of $116.37 billion, a price-to-earnings ratio of 33.43 and a beta of 1.08. The stock’s fifty day simple moving average is $431.48 and its 200-day simple moving average is $397.99.

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.