Cornerstone Wealth Group LLC Sells 5,783 Shares of iShares Russell 1000 Growth ETF $IWF

Cornerstone Wealth Group LLC cut its stake in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 53.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,963 shares of the exchange traded fund’s stock after selling 5,783 shares during the period. Cornerstone Wealth Group LLC’s holdings in iShares Russell 1000 Growth ETF were worth $2,339,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Godsey & Gibb Inc. purchased a new position in shares of iShares Russell 1000 Growth ETF in the 4th quarter worth about $27,000. MBM Wealth Consultants LLC purchased a new position in shares of iShares Russell 1000 Growth ETF during the first quarter worth approximately $28,000. Concord Wealth Partners lifted its holdings in shares of iShares Russell 1000 Growth ETF by 210.0% in the 4th quarter. Concord Wealth Partners now owns 62 shares of the exchange traded fund’s stock worth $29,000 after acquiring an additional 42 shares during the last quarter. Richards Merrill & Peterson Inc. lifted its holdings in shares of iShares Russell 1000 Growth ETF by 76.9% in the 1st quarter. Richards Merrill & Peterson Inc. now owns 69 shares of the exchange traded fund’s stock worth $29,000 after acquiring an additional 30 shares during the last quarter. Finally, Reyes Financial Architecture Inc. purchased a new stake in shares of iShares Russell 1000 Growth ETF in the 4th quarter valued at $30,000. Institutional investors own 75.33% of the company’s stock.

iShares Russell 1000 Growth ETF Stock Performance

IWF stock opened at $119.04 on Friday. iShares Russell 1000 Growth ETF has a 52 week low of $102.23 and a 52 week high of $129.14. The firm’s fifty day moving average is $122.53 and its 200 day moving average is $117.16. The firm has a market cap of $124.33 billion, a P/E ratio of 33.43 and a beta of 1.16.

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