Berkshire Money Management Inc. Reduces Position in iShares Russell 1000 Growth ETF $IWF

Berkshire Money Management Inc. decreased its holdings in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 48.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 59,019 shares of the exchange traded fund’s stock after selling 55,687 shares during the quarter. iShares Russell 1000 Growth ETF makes up 2.6% of Berkshire Money Management Inc.’s portfolio, making the stock its 11th biggest position. Berkshire Money Management Inc.’s holdings in iShares Russell 1000 Growth ETF were worth $25,166,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Bright Futures Wealth Management LLC. acquired a new position in shares of iShares Russell 1000 Growth ETF in the 3rd quarter valued at about $532,000. 1ST Source Bank raised its stake in iShares Russell 1000 Growth ETF by 0.8% during the third quarter. 1ST Source Bank now owns 568,098 shares of the exchange traded fund’s stock worth $266,103,000 after acquiring an additional 4,486 shares during the period. Fifth Third Wealth Advisors LLC raised its stake in iShares Russell 1000 Growth ETF by 3.3% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 67,884 shares of the exchange traded fund’s stock worth $32,130,000 after acquiring an additional 2,139 shares during the period. Farther Finance Advisors LLC lifted its holdings in iShares Russell 1000 Growth ETF by 59.3% in the fourth quarter. Farther Finance Advisors LLC now owns 46,216 shares of the exchange traded fund’s stock worth $21,874,000 after acquiring an additional 17,212 shares during the last quarter. Finally, AMI Asset Management Corp lifted its holdings in iShares Russell 1000 Growth ETF by 542.6% in the fourth quarter. AMI Asset Management Corp now owns 71,879 shares of the exchange traded fund’s stock worth $34,020,000 after acquiring an additional 60,693 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 1.3%

Shares of IWF stock opened at $118.10 on Friday. The company has a market cap of $123.34 billion, a P/E ratio of 33.43 and a beta of 1.16. The business has a 50 day moving average of $122.49 and a two-hundred day moving average of $117.14. iShares Russell 1000 Growth ETF has a 52 week low of $102.23 and a 52 week high of $129.14.

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.