iShares Russell 1000 Growth ETF $IWF Shares Purchased by Power Wealth Management LLC

Power Wealth Management LLC increased its position in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 303.0% in the 2nd quarter, Holdings Channel reports. The firm owned 6,911 shares of the exchange traded fund’s stock after purchasing an additional 5,196 shares during the period. Power Wealth Management LLC’s holdings in iShares Russell 1000 Growth ETF were worth $858,000 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 IWF. Roxbury Financial LLC grew its holdings in shares of iShares Russell 1000 Growth ETF by 300.0% during the second quarter. Roxbury Financial LLC now owns 216 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 162 shares in the last quarter. MBM Wealth Consultants LLC acquired a new stake in shares of iShares Russell 1000 Growth ETF in the first quarter valued at about $28,000. Richards Merrill & Peterson Inc. lifted its stake in shares of iShares Russell 1000 Growth ETF by 76.9% in the first quarter. Richards Merrill & Peterson Inc. now owns 69 shares of the exchange traded fund’s stock worth $29,000 after buying an additional 30 shares in the last quarter. Byrne Asset Management LLC lifted its stake in shares of iShares Russell 1000 Growth ETF by 300.0% in the second quarter. Byrne Asset Management LLC now owns 236 shares of the exchange traded fund’s stock worth $29,000 after buying an additional 177 shares in the last quarter. Finally, Motiv8 Investments LLC purchased a new position in shares of iShares Russell 1000 Growth ETF in the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 75.33% of the company’s stock.

iShares Russell 1000 Growth ETF Trading Up 1.3%

IWF opened at $123.43 on Friday. The firm has a market capitalization of $126.47 billion, a PE ratio of 33.43 and a beta of 1.17. iShares Russell 1000 Growth ETF has a twelve month low of $102.23 and a twelve month high of $129.14. The firm’s 50-day moving average price is $121.80 and its 200 day moving average price is $118.70.

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.