Summit Financial Strategies Inc. Acquires 22,769 Shares of iShares Russell 1000 Growth ETF $IWF

Summit Financial Strategies Inc. lifted its holdings in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 243.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,107 shares of the exchange traded fund’s stock after buying an additional 22,769 shares during the quarter. Summit Financial Strategies Inc.’s holdings in iShares Russell 1000 Growth ETF were worth $3,987,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IWF. Arlington Trust Co LLC boosted its holdings in iShares Russell 1000 Growth ETF by 671.9% in the second quarter. Arlington Trust Co LLC now owns 6,268 shares of the exchange traded fund’s stock worth $778,000 after acquiring an additional 5,456 shares in the last quarter. Breakwater Capital Group raised its position in shares of iShares Russell 1000 Growth ETF by 302.1% in the 2nd quarter. Breakwater Capital Group now owns 189,130 shares of the exchange traded fund’s stock worth $23,484,000 after purchasing an additional 142,091 shares during the last quarter. Compass Financial Management LLC purchased a new position in shares of iShares Russell 1000 Growth ETF in the 2nd quarter worth about $590,000. Tenzing Financial LLC bought a new position in iShares Russell 1000 Growth ETF in the 2nd quarter worth about $594,000. Finally, First Bank & Trust boosted its stake in iShares Russell 1000 Growth ETF by 300.0% in the 2nd quarter. First Bank & Trust now owns 10,376 shares of the exchange traded fund’s stock worth $1,288,000 after purchasing an additional 7,782 shares in the last quarter. 75.33% of the stock is owned by hedge funds and other institutional investors.

iShares Russell 1000 Growth ETF Stock Performance

NYSEARCA:IWF opened at $123.02 on Wednesday. The firm has a market cap of $126.05 billion, a P/E ratio of 33.43 and a beta of 1.17. iShares Russell 1000 Growth ETF has a fifty-two week low of $102.23 and a fifty-two week high of $129.14. The firm has a 50-day simple moving average of $121.89 and a two-hundred day simple moving average of $118.93.

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.