Texas Capital Bank Wealth Management Services Inc Lowers Position in iShares Russell 1000 Growth ETF (NYSEARCA:IWF)

Texas Capital Bank Wealth Management Services Inc cut its stake in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 62.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 918 shares of the exchange traded fund’s stock after selling 1,552 shares during the period. Texas Capital Bank Wealth Management Services Inc’s holdings in iShares Russell 1000 Growth ETF were worth $309,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of IWF. Cranbrook Wealth Management LLC purchased a new position in shares of iShares Russell 1000 Growth ETF during the fourth quarter valued at approximately $30,000. Creekmur Asset Management LLC purchased a new position in shares of iShares Russell 1000 Growth ETF during the fourth quarter valued at approximately $33,000. Planned Solutions Inc. purchased a new position in shares of iShares Russell 1000 Growth ETF during the fourth quarter valued at approximately $34,000. Nvwm LLC lifted its holdings in shares of iShares Russell 1000 Growth ETF by 44.9% during the first quarter. Nvwm LLC now owns 100 shares of the exchange traded fund’s stock valued at $34,000 after purchasing an additional 31 shares during the last quarter. Finally, Frazier Financial Advisors LLC purchased a new position in shares of iShares Russell 1000 Growth ETF during the fourth quarter valued at approximately $36,000.

iShares Russell 1000 Growth ETF Stock Performance

Shares of IWF traded up $0.47 on Tuesday, hitting $367.84. 1,175,973 shares of the stock traded hands, compared to its average volume of 1,349,671. The company has a market capitalization of $97.31 billion, a PE ratio of 35.64 and a beta of 1.20. The business has a 50 day simple moving average of $359.55 and a 200 day simple moving average of $337.61. iShares Russell 1000 Growth ETF has a one year low of $256.01 and a one year high of $382.82.

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.