MV Capital Management Inc. Sells 8,669 Shares of iShares Russell 1000 Growth ETF $IWF

MV Capital Management Inc. trimmed its position in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 4.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 174,992 shares of the exchange traded fund’s stock after selling 8,669 shares during the period. iShares Russell 1000 Growth ETF comprises approximately 7.6% of MV Capital Management Inc.’s portfolio, making the stock its biggest holding. MV Capital Management Inc.’s holdings in iShares Russell 1000 Growth ETF were worth $74,298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in IWF. Endowment Wealth Management Inc. purchased a new stake in shares of iShares Russell 1000 Growth ETF during the 2nd quarter worth about $210,000. PGIM Custom Harvest LLC raised its holdings in iShares Russell 1000 Growth ETF by 27.3% in the 1st quarter. PGIM Custom Harvest LLC now owns 5,428 shares of the exchange traded fund’s stock worth $1,960,000 after purchasing an additional 1,165 shares during the period. Partnership Wealth Management LLC raised its holdings in iShares Russell 1000 Growth ETF by 5.4% in the 2nd quarter. Partnership Wealth Management LLC now owns 18,058 shares of the exchange traded fund’s stock worth $7,667,000 after purchasing an additional 922 shares during the period. Obermeyer Wealth Partners boosted its position in iShares Russell 1000 Growth ETF by 27.0% during the first quarter. Obermeyer Wealth Partners now owns 3,565 shares of the exchange traded fund’s stock worth $1,287,000 after purchasing an additional 759 shares in the last quarter. Finally, Americana Partners LLC boosted its position in iShares Russell 1000 Growth ETF by 377.5% during the second quarter. Americana Partners LLC now owns 55,096 shares of the exchange traded fund’s stock worth $23,393,000 after purchasing an additional 43,557 shares in the last quarter. 75.33% of the stock is owned by hedge funds and other institutional investors.

iShares Russell 1000 Growth ETF Price Performance

iShares Russell 1000 Growth ETF stock opened at $480.08 on Thursday. The stock has a market capitalization of $124.65 billion, a PE ratio of 33.43 and a beta of 1.13. The business has a 50 day simple moving average of $470.03 and a 200-day simple moving average of $436.24. iShares Russell 1000 Growth ETF has a 12 month low of $308.67 and a 12 month high of $493.00.

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.