iShares Russell 1000 Growth ETF (NYSEARCA:IWF) Sets New 52-Week High – Time to Buy?

iShares Russell 1000 Growth ETF (NYSEARCA:IWFGet Free Report)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $126.14 and last traded at $126.10, with a volume of 651371 shares traded. The stock had previously closed at $125.00.

iShares Russell 1000 Growth ETF Stock Up 0.5%

The business’s fifty day moving average is $115.62 and its 200 day moving average is $116.25. The firm has a market capitalization of $131.16 billion, a price-to-earnings ratio of 33.43 and a beta of 1.16.

Institutional Investors Weigh In On iShares Russell 1000 Growth ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in IWF. Flagship Private Wealth LLC increased its stake in iShares Russell 1000 Growth ETF by 0.8% in the 3rd quarter. Flagship Private Wealth LLC now owns 2,747 shares of the exchange traded fund’s stock valued at $1,287,000 after buying an additional 21 shares during the last quarter. KCM Investment Advisors LLC increased its stake in iShares Russell 1000 Growth ETF by 0.5% in the 3rd quarter. KCM Investment Advisors LLC now owns 4,104 shares of the exchange traded fund’s stock valued at $1,922,000 after buying an additional 22 shares during the last quarter. Principal Securities Inc. increased its stake in iShares Russell 1000 Growth ETF by 0.4% in the 4th quarter. Principal Securities Inc. now owns 5,159 shares of the exchange traded fund’s stock valued at $2,442,000 after buying an additional 22 shares during the last quarter. Jamison Private Wealth Management Inc. increased its stake in iShares Russell 1000 Growth ETF by 1.1% in the 4th quarter. Jamison Private Wealth Management Inc. now owns 2,078 shares of the exchange traded fund’s stock valued at $983,000 after buying an additional 23 shares during the last quarter. Finally, Marks Group Wealth Management Inc increased its stake in iShares Russell 1000 Growth ETF by 2.1% in the 4th quarter. Marks Group Wealth Management Inc now owns 1,123 shares of the exchange traded fund’s stock valued at $532,000 after buying an additional 23 shares during the last quarter. 75.33% of the stock is currently owned by institutional investors and hedge funds.

About iShares Russell 1000 Growth ETF

(Get Free Report)

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.

Further Reading

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