Ascent Group LLC Cuts Stake in iShares Russell 1000 Growth ETF $IWF

Ascent Group LLC trimmed its holdings in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 3.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 68,251 shares of the exchange traded fund’s stock after selling 2,673 shares during the period. iShares Russell 1000 Growth ETF comprises about 1.1% of Ascent Group LLC’s portfolio, making the stock its 16th largest holding. Ascent Group LLC’s holdings in iShares Russell 1000 Growth ETF were worth $32,303,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Breakwater Capital Group increased its position in shares of iShares Russell 1000 Growth ETF by 3.0% in the third quarter. Breakwater Capital Group now owns 38,154 shares of the exchange traded fund’s stock valued at $17,872,000 after acquiring an additional 1,095 shares during the period. First Horizon Corp purchased a new stake in shares of iShares Russell 1000 Growth ETF during the third quarter worth about $39,629,000. Dynasty Wealth Management LLC purchased a new stake in shares of iShares Russell 1000 Growth ETF during the third quarter worth about $16,626,000. Bright Futures Wealth Management LLC. bought a new stake in shares of iShares Russell 1000 Growth ETF in the third quarter worth about $532,000. Finally, Permanent Capital Management LP bought a new stake in shares of iShares Russell 1000 Growth ETF in the third quarter worth about $4,100,000. 75.33% of the stock is owned by institutional investors.

iShares Russell 1000 Growth ETF Stock Performance

Shares of IWF stock opened at $430.04 on Friday. The firm has a market cap of $112.73 billion, a P/E ratio of 33.43 and a beta of 1.13. iShares Russell 1000 Growth ETF has a fifty-two week low of $308.67 and a fifty-two week high of $493.00. The business’s 50 day moving average price is $447.29 and its 200-day moving average price is $463.75.

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.