Arax Advisory Partners Makes New $3.80 Million Investment in iShares Russell 1000 Growth ETF $IWF

Arax Advisory Partners acquired a new position in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,035 shares of the exchange traded fund’s stock, valued at approximately $3,803,000.

A number of other hedge funds have also recently added to or reduced their stakes in IWF. Bright Futures Wealth Management LLC. acquired a new position in iShares Russell 1000 Growth ETF during the 3rd quarter valued at about $532,000. 1ST Source Bank lifted its position in iShares Russell 1000 Growth ETF by 0.8% during the 3rd quarter. 1ST Source Bank now owns 568,098 shares of the exchange traded fund’s stock valued at $266,103,000 after purchasing an additional 4,486 shares during the period. Fifth Third Wealth Advisors LLC lifted its position in iShares Russell 1000 Growth ETF by 3.3% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 67,884 shares of the exchange traded fund’s stock valued at $32,130,000 after purchasing an additional 2,139 shares during the period. Farther Finance Advisors LLC lifted its position in iShares Russell 1000 Growth ETF by 59.3% during the 4th quarter. Farther Finance Advisors LLC now owns 46,216 shares of the exchange traded fund’s stock valued at $21,874,000 after purchasing an additional 17,212 shares during the period. Finally, Focus Partners Wealth lifted its position in iShares Russell 1000 Growth ETF by 75.0% during the 3rd quarter. Focus Partners Wealth now owns 1,324,870 shares of the exchange traded fund’s stock valued at $620,714,000 after purchasing an additional 568,001 shares during the period. 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 $121.61 on Monday. The company has a market cap of $127.01 billion, a PE ratio of 33.43 and a beta of 1.16. The company’s 50-day moving average is $120.45 and its two-hundred day moving average is $116.97. iShares Russell 1000 Growth ETF has a 1 year low of $100.47 and a 1 year high of $129.14.

iShares Russell 1000 Growth ETF Company 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.