HB Wealth Management LLC Buys 5,195 Shares of iShares Russell 1000 Growth ETF $IWF

HB Wealth Management LLC raised its stake in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 5.2% in the 1st quarter, Holdings Channel.com reports. The fund owned 106,056 shares of the exchange traded fund’s stock after buying an additional 5,195 shares during the quarter. HB Wealth Management LLC’s holdings in iShares Russell 1000 Growth ETF were worth $45,222,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Godsey & Gibb Inc. bought a new position in shares of iShares Russell 1000 Growth ETF in the fourth quarter worth $27,000. MBM Wealth Consultants LLC bought a new stake in iShares Russell 1000 Growth ETF during the first quarter worth about $28,000. Concord Wealth Partners lifted its position in iShares Russell 1000 Growth ETF by 210.0% during the fourth quarter. Concord Wealth Partners now owns 62 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 42 shares during the period. Richards Merrill & Peterson Inc. lifted its position in iShares Russell 1000 Growth ETF by 76.9% during the first quarter. Richards Merrill & Peterson Inc. now owns 69 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 30 shares during the period. Finally, Reyes Financial Architecture Inc. acquired a new stake in iShares Russell 1000 Growth ETF during the fourth quarter worth about $30,000. 75.33% of the stock is owned by institutional investors and hedge funds.

iShares Russell 1000 Growth ETF Price Performance

IWF stock opened at $121.16 on Friday. iShares Russell 1000 Growth ETF has a 12 month low of $102.23 and a 12 month high of $129.14. The firm has a market cap of $125.62 billion, a P/E ratio of 33.43 and a beta of 1.16. The company’s 50-day moving average price is $122.90 and its two-hundred day moving average price is $117.26.

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.