Naviter Wealth LLC Purchases Shares of 2,618 iShares Russell 1000 Growth ETF $IWF

Naviter Wealth LLC purchased a new stake in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 2,618 shares of the exchange traded fund’s stock, valued at approximately $1,239,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Holos Integrated Wealth LLC purchased a new stake in shares of iShares Russell 1000 Growth ETF during the fourth quarter valued at approximately $35,000. Manning & Napier Advisors LLC purchased a new stake in shares of iShares Russell 1000 Growth ETF during the third quarter valued at approximately $47,000. Flagship Wealth Advisors LLC raised its stake in shares of iShares Russell 1000 Growth ETF by 131.9% during the third quarter. Flagship Wealth Advisors LLC now owns 109 shares of the exchange traded fund’s stock valued at $51,000 after purchasing an additional 62 shares during the period. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of iShares Russell 1000 Growth ETF during the third quarter valued at approximately $53,000. Finally, Dorato Capital Management purchased a new stake in shares of iShares Russell 1000 Growth ETF during the fourth quarter valued at approximately $70,000. 75.33% of the stock is owned by institutional investors and hedge funds.

iShares Russell 1000 Growth ETF Stock Up 2.6%

IWF opened at $443.15 on Thursday. The firm has a market capitalization of $116.28 billion, a P/E ratio of 33.43 and a beta of 1.15. The firm’s 50 day moving average is $445.05 and its 200-day moving average is $463.14. iShares Russell 1000 Growth ETF has a 52-week low of $319.28 and a 52-week high of $493.00.

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. The index represents approximately 50% of the total market capitalization of the Russell 1000 Index.