SVB Wealth LLC Makes New Investment in iShares Russell 1000 Growth ETF $IWF

SVB Wealth LLC bought a new stake in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 41,877 shares of the exchange traded fund’s stock, valued at approximately $17,780,000. iShares Russell 1000 Growth ETF accounts for 1.0% of SVB Wealth LLC’s holdings, making the stock its 23rd largest position.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Endowment Wealth Management Inc. bought a new position in shares of iShares Russell 1000 Growth ETF during the second quarter valued at approximately $210,000. PGIM Custom Harvest LLC lifted its position in shares of iShares Russell 1000 Growth ETF by 27.3% during the first 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 last quarter. Partnership Wealth Management LLC boosted its stake in shares of iShares Russell 1000 Growth ETF by 5.4% during the second quarter. Partnership Wealth Management LLC now owns 18,058 shares of the exchange traded fund’s stock valued at $7,667,000 after purchasing an additional 922 shares during the period. Advyzon Investment Management LLC bought a new position in shares of iShares Russell 1000 Growth ETF in the second quarter worth about $615,000. Finally, CWM LLC increased its stake in iShares Russell 1000 Growth ETF by 6.0% in the 2nd quarter. CWM LLC now owns 83,867 shares of the exchange traded fund’s stock worth $35,608,000 after buying an additional 4,735 shares during the period. 75.33% of the stock is currently owned by institutional investors.

iShares Russell 1000 Growth ETF Price Performance

iShares Russell 1000 Growth ETF stock opened at $478.80 on Monday. The stock has a market cap of $124.32 billion, a price-to-earnings ratio of 33.43 and a beta of 1.13. The firm has a 50-day moving average of $473.21 and a two-hundred day moving average of $447.03. iShares Russell 1000 Growth ETF has a 1 year low of $308.67 and a 1 year high of $493.00.

iShares Russell 1000 Growth ETF Company 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.