PFG Advisors Lowers Stake in iShares Russell 1000 Growth ETF $IWF

PFG Advisors reduced its position in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 32.6% during the 4th quarter, HoldingsChannel reports. The fund owned 3,433 shares of the exchange traded fund’s stock after selling 1,661 shares during the period. PFG Advisors’ holdings in iShares Russell 1000 Growth ETF were worth $1,625,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Godsey & Gibb Inc. purchased a new stake in shares of iShares Russell 1000 Growth ETF during the 4th quarter worth about $27,000. Reyes Financial Architecture Inc. purchased a new stake in shares of iShares Russell 1000 Growth ETF during the 4th quarter worth about $30,000. Networth Advisors LLC purchased a new stake in shares of iShares Russell 1000 Growth ETF during the 4th quarter worth about $32,000. Holos Integrated Wealth LLC purchased a new stake in shares of iShares Russell 1000 Growth ETF during the 4th quarter worth about $35,000. Finally, Manning & Napier Advisors LLC purchased a new stake in shares of iShares Russell 1000 Growth ETF during the 3rd quarter worth about $47,000. 75.33% of the stock is owned by hedge funds and other institutional investors.

iShares Russell 1000 Growth ETF Stock Up 1.6%

IWF opened at $478.87 on Thursday. iShares Russell 1000 Growth ETF has a twelve month low of $348.19 and a twelve month high of $493.00. The company has a 50-day moving average price of $445.98 and a 200 day moving average price of $462.88. The company has a market cap of $125.20 billion, a PE ratio of 33.43 and a beta of 1.17.

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.