Avantax Planning Partners Inc. Sells 6,633 Shares of iShares Russell 1000 Growth ETF $IWF

Avantax Planning Partners Inc. reduced its holdings in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 8.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 72,138 shares of the exchange traded fund’s stock after selling 6,633 shares during the period. iShares Russell 1000 Growth ETF comprises approximately 1.0% of Avantax Planning Partners Inc.’s portfolio, making the stock its 20th biggest holding. Avantax Planning Partners Inc.’s holdings in iShares Russell 1000 Growth ETF were worth $34,143,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Godsey & Gibb Inc. purchased a new position in iShares Russell 1000 Growth ETF in the fourth quarter worth about $27,000. Concord Wealth Partners increased its stake in iShares Russell 1000 Growth ETF by 210.0% during the fourth 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. Reyes Financial Architecture Inc. purchased a new stake in iShares Russell 1000 Growth ETF during the fourth quarter valued at approximately $30,000. Networth Advisors LLC purchased a new stake in iShares Russell 1000 Growth ETF during the fourth quarter valued at approximately $32,000. Finally, Holos Integrated Wealth LLC bought a new stake in shares of iShares Russell 1000 Growth ETF in the 4th quarter valued at approximately $35,000. 75.33% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell 1000 Growth ETF Stock Performance

Shares of iShares Russell 1000 Growth ETF stock opened at $125.89 on Friday. The stock has a market cap of $131.48 billion, a price-to-earnings ratio of 33.43 and a beta of 1.16. The stock has a 50 day moving average price of $113.96 and a 200-day moving average price of $116.11. iShares Russell 1000 Growth ETF has a one year low of $97.07 and a one year high of $126.05.

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