Envestnet Portfolio Solutions Inc. Raises Stake in iShares Russell 1000 Growth ETF $IWF

Envestnet Portfolio Solutions Inc. increased its holdings in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 8.1% in the fourth quarter, Holdings Channel reports. The firm owned 68,806 shares of the exchange traded fund’s stock after acquiring an additional 5,173 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in iShares Russell 1000 Growth ETF were worth $32,566,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Yanni & Associates Investment Advisors LLC purchased a new position in iShares Russell 1000 Growth ETF in the fourth quarter valued at about $1,863,000. Stronghold Wealth Management L.L.C. acquired a new stake in shares of iShares Russell 1000 Growth ETF in the fourth quarter valued at about $590,000. Entrust Financial LLC acquired a new stake in shares of iShares Russell 1000 Growth ETF in the fourth quarter valued at about $133,000. Ironwood Investment Counsel LLC raised its holdings in shares of iShares Russell 1000 Growth ETF by 9.2% during the 4th quarter. Ironwood Investment Counsel LLC now owns 1,540 shares of the exchange traded fund’s stock valued at $729,000 after buying an additional 130 shares during the period. Finally, Odyssey Capital Advisors Inc. purchased a new stake in shares of iShares Russell 1000 Growth ETF during the 4th quarter valued at about $523,000. Hedge funds and other institutional investors own 75.33% of the company’s stock.

iShares Russell 1000 Growth ETF Stock Performance

iShares Russell 1000 Growth ETF stock opened at $124.10 on Tuesday. The firm has a market capitalization of $129.61 billion, a PE ratio of 33.43 and a beta of 1.16. iShares Russell 1000 Growth ETF has a one year low of $97.07 and a one year high of $126.04. The stock’s 50 day moving average price is $114.40 and its 200 day moving average price is $116.14.

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.