Northwestern Mutual Wealth Management Co. Cuts Stock Position in iShares Russell 1000 Growth ETF $IWF

Northwestern Mutual Wealth Management Co. lessened its holdings in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 88.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 78,869 shares of the exchange traded fund’s stock after selling 601,712 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares Russell 1000 Growth ETF were worth $37,329,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Godsey & Gibb Inc. purchased a new stake in iShares Russell 1000 Growth ETF in the 4th quarter worth $27,000. Concord Wealth Partners increased its stake in iShares Russell 1000 Growth ETF by 210.0% in the 4th quarter. Concord Wealth Partners now owns 62 shares of the exchange traded fund’s stock worth $29,000 after buying an additional 42 shares in the last quarter. Reyes Financial Architecture Inc. purchased a new stake in iShares Russell 1000 Growth ETF in the 4th quarter worth $30,000. Networth Advisors LLC purchased a new stake in iShares Russell 1000 Growth ETF in the 4th quarter worth $32,000. Finally, Holos Integrated Wealth LLC purchased a new stake in iShares Russell 1000 Growth ETF in the 4th quarter worth $35,000. Hedge funds and other institutional investors own 75.33% of the company’s stock.

iShares Russell 1000 Growth ETF Stock Performance

Shares of IWF stock opened at $124.10 on Tuesday. iShares Russell 1000 Growth ETF has a 52-week low of $97.07 and a 52-week high of $126.04. The firm has a market capitalization of $129.61 billion, a PE ratio of 33.43 and a beta of 1.16. The stock has a fifty day simple moving average of $114.40 and a two-hundred day simple moving average of $116.14.

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