Brown Financial Advisory Acquires 98 Shares of iShares Russell 1000 Growth ETF $IWF

Brown Financial Advisory grew its holdings in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 2.1% during the 2nd quarter, Holdings Channel reports. The firm owned 4,869 shares of the exchange traded fund’s stock after buying an additional 98 shares during the period. iShares Russell 1000 Growth ETF comprises approximately 1.1% of Brown Financial Advisory’s investment portfolio, making the stock its 10th biggest holding. Brown Financial Advisory’s holdings in iShares Russell 1000 Growth ETF were worth $2,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Concord Wealth Partners grew its stake in iShares Russell 1000 Growth ETF by 1,966.7% in the 2nd quarter. Concord Wealth Partners now owns 62 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 59 shares during the period. HighMark Wealth Management LLC grew its stake in iShares Russell 1000 Growth ETF by 60.5% in the 2nd quarter. HighMark Wealth Management LLC now owns 69 shares of the exchange traded fund’s stock worth $29,000 after acquiring an additional 26 shares during the period. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in iShares Russell 1000 Growth ETF in the 1st quarter worth approximately $31,000. EQ Wealth Advisors LLC purchased a new stake in iShares Russell 1000 Growth ETF in the 1st quarter worth approximately $32,000. Finally, Hughes Financial Services LLC purchased a new stake in iShares Russell 1000 Growth ETF in the 1st quarter worth approximately $33,000. 75.33% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell 1000 Growth ETF Stock Performance

IWF stock opened at $465.07 on Wednesday. The stock has a market capitalization of $120.43 billion, a P/E ratio of 33.43 and a beta of 1.08. iShares Russell 1000 Growth ETF has a one year low of $308.67 and a one year high of $476.74. The company has a 50 day moving average price of $456.61 and a two-hundred day moving average price of $416.43.

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.