NewEdge Wealth LLC Cuts Holdings in iShares Russell 1000 Growth ETF $IWF

NewEdge Wealth LLC trimmed its position in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 10.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 243,611 shares of the exchange traded fund’s stock after selling 27,440 shares during the quarter. iShares Russell 1000 Growth ETF comprises about 1.2% of NewEdge Wealth LLC’s investment portfolio, making the stock its 13th biggest position. NewEdge Wealth LLC’s holdings in iShares Russell 1000 Growth ETF were worth $103,876,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fifth Third Wealth Advisors LLC raised its position in shares of iShares Russell 1000 Growth ETF by 3.3% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 67,884 shares of the exchange traded fund’s stock valued at $32,130,000 after buying an additional 2,139 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of iShares Russell 1000 Growth ETF by 59.3% in the 4th quarter. Farther Finance Advisors LLC now owns 46,216 shares of the exchange traded fund’s stock valued at $21,874,000 after acquiring an additional 17,212 shares during the last quarter. AMI Asset Management Corp grew its position in iShares Russell 1000 Growth ETF by 542.6% in the fourth quarter. AMI Asset Management Corp now owns 71,879 shares of the exchange traded fund’s stock worth $34,020,000 after acquiring an additional 60,693 shares in the last quarter. DSG Capital Advisors LLC increased its stake in iShares Russell 1000 Growth ETF by 537.6% during the fourth quarter. DSG Capital Advisors LLC now owns 11,119 shares of the exchange traded fund’s stock worth $5,233,000 after acquiring an additional 9,375 shares during the last quarter. Finally, BIP Wealth LLC raised its position in iShares Russell 1000 Growth ETF by 91.9% during the fourth quarter. BIP Wealth LLC now owns 4,665 shares of the exchange traded fund’s stock valued at $2,208,000 after purchasing an additional 2,234 shares during the period. 75.33% of the stock is owned by institutional investors.

iShares Russell 1000 Growth ETF Price Performance

NYSEARCA:IWF opened at $120.92 on Thursday. The firm has a market capitalization of $124.96 billion, a price-to-earnings ratio of 33.43 and a beta of 1.16. iShares Russell 1000 Growth ETF has a 1 year low of $102.23 and a 1 year high of $129.14. The business has a 50 day simple moving average of $123.08 and a 200-day simple moving average of $117.55.

iShares Russell 1000 Growth ETF Company 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.