Argus Investors Counsel Inc. has recently reduced its stake in the iShares Russell 1000 Growth ETF (NYSEARCA:IWF – Free Report) by 1.9% during the second quarter, as indicated in its latest 13F filing with the SEC. After selling 54 shares during this period, the institutional investor now holds 2,806 shares of the ETF, valued at approximately $1,191,000.
In addition to Argus, several other institutional investors and hedge funds have made adjustments to their positions in the iShares Russell 1000 Growth ETF. For instance, ACT Wealth Management LLC increased its stake by 3.0% during the second quarter, now owning 820 shares worth $348,000 after acquiring an additional 24 shares. Similarly, Creative Financial Designs Inc. ADV raised its stake by 1.6% in the first quarter, bringing its total to 1,831 shares valued at $661,000 after adding 29 shares.
Midwest Professional Planners LTD. also increased its stake by 0.4% in the first quarter, now holding 6,809 shares worth $2,458,000 after acquiring 30 additional shares. Laurel Wealth Advisors LLC raised its stake by 0.8%, owning 4,015 shares valued at $1,450,000 after acquiring 31 shares. Lastly, Arvest Investments Inc. increased its stake by 3.0%, now owning 1,097 shares worth $396,000 after acquiring 32 shares. Overall, institutional investors and hedge funds collectively own 75.33% of the company’s stock.
iShares Russell 1000 Growth ETF Stock Up 0.4%
IWF opened at $464.84 on Friday, with a market capitalization of $121.49 billion. The ETF has a price-to-earnings ratio of 33.43 and a beta of 1.08. Over the past year, the iShares Russell 1000 Growth ETF has seen a low of $308.67 and a high of $473.01. Its 50-day moving average price stands at $448.99, while the 200-day moving average price is $408.08.
iShares Russell 1000 Growth ETF Company Profile
iShares Russell 1000 Growth ETF, formerly known as iShares Russell 1000 Growth Index Fund, is an exchange-traded fund (ETF) that aims to deliver investment returns corresponding to the price and yield performance of the Russell 1000 Growth Index. This Index measures the performance of equity securities from Russell 1000 index issuers that exhibit relatively higher price-to-book ratios and higher forecasted growth.
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