Beam Wealth Advisors Inc. Sells 2,124 Shares of iShares Russell 1000 Growth ETF $IWF

Beam Wealth Advisors Inc. decreased its stake in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 17.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,246 shares of the exchange traded fund’s stock after selling 2,124 shares during the period. iShares Russell 1000 Growth ETF comprises 1.3% of Beam Wealth Advisors Inc.’s portfolio, making the stock its 17th largest holding. Beam Wealth Advisors Inc.’s holdings in iShares Russell 1000 Growth ETF were worth $4,799,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its stake in iShares Russell 1000 Growth ETF by 6.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,216,343 shares of the exchange traded fund’s stock valued at $3,063,916,000 after buying an additional 411,172 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of iShares Russell 1000 Growth ETF by 1.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,285,390 shares of the exchange traded fund’s stock worth $2,244,071,000 after buying an additional 70,645 shares during the last quarter. PNC Financial Services Group Inc. increased its position in iShares Russell 1000 Growth ETF by 0.4% during the second quarter. PNC Financial Services Group Inc. now owns 3,112,830 shares of the exchange traded fund’s stock valued at $1,321,645,000 after acquiring an additional 13,758 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in iShares Russell 1000 Growth ETF by 15.8% in the second quarter. Baird Financial Group Inc. now owns 2,729,778 shares of the exchange traded fund’s stock valued at $1,159,009,000 after acquiring an additional 372,064 shares during the period. Finally, M&T Bank Corp boosted its position in iShares Russell 1000 Growth ETF by 1.1% in the second quarter. M&T Bank Corp now owns 2,560,776 shares of the exchange traded fund’s stock worth $1,087,303,000 after purchasing an additional 27,927 shares during the last quarter. Hedge funds and other institutional investors own 75.33% of the company’s stock.

iShares Russell 1000 Growth ETF Stock Down 1.8%

iShares Russell 1000 Growth ETF stock opened at $459.18 on Wednesday. iShares Russell 1000 Growth ETF has a 52-week low of $308.67 and a 52-week high of $493.00. The company has a market cap of $118.56 billion, a P/E ratio of 33.43 and a beta of 1.13. The business has a 50-day simple moving average of $473.10 and a two-hundred day simple moving average of $464.47.

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.