Napier Financial LLC Makes New $12.40 Million Investment in iShares Russell 1000 Growth ETF $IWF

Napier Financial LLC purchased a new position in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) during the 4th quarter, HoldingsChannel reports. The firm purchased 26,192 shares of the exchange traded fund’s stock, valued at approximately $12,397,000. iShares Russell 1000 Growth ETF accounts for 3.1% of Napier Financial LLC’s portfolio, making the stock its 12th largest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Breakwater Capital Group grew its position in shares of iShares Russell 1000 Growth ETF by 3.0% during the third quarter. Breakwater Capital Group now owns 38,154 shares of the exchange traded fund’s stock worth $17,872,000 after buying an additional 1,095 shares in the last quarter. Bright Futures Wealth Management LLC. purchased a new stake in iShares Russell 1000 Growth ETF during the 3rd quarter worth about $532,000. 1ST Source Bank lifted its holdings 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 worth $266,103,000 after buying an additional 4,486 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings 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 worth $32,130,000 after buying an additional 2,139 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings 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 worth $21,874,000 after buying an additional 17,212 shares during the last quarter. 75.33% of the stock is owned by institutional investors and hedge funds.

iShares Russell 1000 Growth ETF Price Performance

Shares of NYSEARCA IWF opened at $122.69 on Monday. The company has a market capitalization of $128.14 billion, a price-to-earnings ratio of 33.43 and a beta of 1.16. The business has a 50-day moving average of $118.80 and a two-hundred day moving average of $116.75. iShares Russell 1000 Growth ETF has a 1 year low of $100.47 and a 1 year high of $129.14.

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.