iShares Russell 1000 Growth ETF (NYSEARCA:IWF) Shares Sold by Meritage Portfolio Management

Meritage Portfolio Management reduced its position in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 6.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 27,592 shares of the exchange traded fund’s stock after selling 1,758 shares during the quarter. Meritage Portfolio Management’s holdings in iShares Russell 1000 Growth ETF were worth $8,365,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. BluePath Capital Management LLC acquired a new position in iShares Russell 1000 Growth ETF in the third quarter worth $27,000. Cranbrook Wealth Management LLC bought a new stake in shares of iShares Russell 1000 Growth ETF during the 4th quarter valued at about $30,000. Planned Solutions Inc. acquired a new stake in iShares Russell 1000 Growth ETF during the fourth quarter worth about $34,000. Sound Income Strategies LLC boosted its stake in iShares Russell 1000 Growth ETF by 772.2% in the fourth quarter. Sound Income Strategies LLC now owns 157 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 139 shares during the period. Finally, Mendota Financial Group LLC acquired a new stake in shares of iShares Russell 1000 Growth ETF during the 4th quarter worth approximately $57,000.

iShares Russell 1000 Growth ETF Price Performance

Shares of NYSEARCA IWF traded up $5.80 during midday trading on Friday, reaching $327.85. 417,090 shares of the company traded hands, compared to its average volume of 1,403,209. iShares Russell 1000 Growth ETF has a 52 week low of $241.20 and a 52 week high of $340.83. The company has a market cap of $86.86 billion, a price-to-earnings ratio of 36.72 and a beta of 1.20. The stock has a 50-day moving average price of $331.09 and a 200 day moving average price of $307.34.

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.