iShares Russell 1000 Growth ETF $IWF Shares Acquired by Smith Salley Wealth Management

Smith Salley Wealth Management lifted its stake in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 119.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,111 shares of the exchange traded fund’s stock after purchasing an additional 3,329 shares during the quarter. Smith Salley Wealth Management’s holdings in iShares Russell 1000 Growth ETF were worth $2,892,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in IWF. Godsey & Gibb Inc. purchased a new position in iShares Russell 1000 Growth ETF in the 4th quarter worth $27,000. Reyes Financial Architecture Inc. purchased a new stake in iShares Russell 1000 Growth ETF during the 4th quarter valued at about $30,000. Networth Advisors LLC purchased a new stake in iShares Russell 1000 Growth ETF during the 4th quarter valued at about $32,000. Holos Integrated Wealth LLC purchased a new stake in iShares Russell 1000 Growth ETF during the 4th quarter valued at about $35,000. Finally, Manning & Napier Advisors LLC acquired a new position in shares of iShares Russell 1000 Growth ETF in the third quarter valued at about $47,000. 75.33% of the stock is owned by institutional investors and hedge funds.

iShares Russell 1000 Growth ETF Price Performance

Shares of NYSEARCA:IWF opened at $476.41 on Monday. iShares Russell 1000 Growth ETF has a 52-week low of $328.33 and a 52-week high of $493.00. The stock has a market cap of $124.27 billion, a price-to-earnings ratio of 33.43 and a beta of 1.17. The business has a 50-day moving average price of $445.05 and a 200-day moving average price of $462.74.

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. The index represents approximately 50% of the total market capitalization of the Russell 1000 Index.