iShares Russell 1000 Growth ETF $IWF Stake Boosted by Breakwater Capital Group

Breakwater Capital Group lifted its stake in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 302.1% during the second quarter, HoldingsChannel reports. The fund owned 189,130 shares of the exchange traded fund’s stock after purchasing an additional 142,091 shares during the quarter. iShares Russell 1000 Growth ETF comprises approximately 2.8% of Breakwater Capital Group’s holdings, making the stock its 5th biggest position. Breakwater Capital Group’s holdings in iShares Russell 1000 Growth ETF were worth $23,484,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Godsey & Gibb Inc. acquired a new stake in iShares Russell 1000 Growth ETF during the fourth quarter valued at $27,000. Concord Wealth Partners increased its position 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 purchasing an additional 42 shares during the last quarter. Reyes Financial Architecture Inc. purchased a new stake in shares of iShares Russell 1000 Growth ETF during the 4th quarter worth about $30,000. MBM Wealth Consultants LLC purchased a new stake in shares of iShares Russell 1000 Growth ETF during the 1st quarter worth about $28,000. Finally, Networth Advisors LLC acquired a new stake in shares of iShares Russell 1000 Growth ETF during the 4th quarter valued at about $32,000. 75.33% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell 1000 Growth ETF Stock Performance

Shares of NYSEARCA IWF opened at $124.60 on Friday. The business has a 50 day simple moving average of $121.75 and a 200 day simple moving average of $117.67. iShares Russell 1000 Growth ETF has a 52 week low of $102.23 and a 52 week high of $129.14. The stock has a market cap of $127.67 billion, a price-to-earnings ratio of 33.43 and a beta of 1.17.

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.