Envestnet Portfolio Solutions Inc. Purchases 193,200 Shares of iShares Russell 1000 Growth ETF $IWF

Envestnet Portfolio Solutions Inc. increased its position in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 320.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 253,464 shares of the exchange traded fund’s stock after purchasing an additional 193,200 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in iShares Russell 1000 Growth ETF were worth $31,473,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MBM Wealth Consultants LLC bought a new position in iShares Russell 1000 Growth ETF in the first quarter worth $28,000. Richards Merrill & Peterson Inc. boosted its holdings in shares of iShares Russell 1000 Growth ETF by 76.9% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 69 shares of the exchange traded fund’s stock valued at $29,000 after buying an additional 30 shares in the last quarter. Motiv8 Investments LLC bought a new stake in shares of iShares Russell 1000 Growth ETF during the 4th quarter valued at $35,000. Modus Advisors LLC purchased a new stake in shares of iShares Russell 1000 Growth ETF in the 4th quarter worth about $53,000. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of iShares Russell 1000 Growth ETF in the 4th quarter worth about $55,000. 75.33% of the stock is owned by hedge funds and other institutional investors.

iShares Russell 1000 Growth ETF Stock Performance

Shares of iShares Russell 1000 Growth ETF stock traded down $1.31 during trading on Wednesday, hitting $125.39. The company’s stock had a trading volume of 3,471,831 shares, compared to its average volume of 7,779,591. iShares Russell 1000 Growth ETF has a 52 week low of $102.23 and a 52 week high of $129.14. The company has a market capitalization of $127.80 billion, a PE ratio of 33.43 and a beta of 1.17. The company has a fifty day simple moving average of $121.96 and a two-hundred day simple moving average of $119.61.

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.