Flaharty Asset Management LLC Lowers Stock Holdings in iShares Russell 1000 Growth ETF $IWF

Flaharty Asset Management LLC cut its position in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 75.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,096 shares of the exchange traded fund’s stock after selling 50,346 shares during the quarter. iShares Russell 1000 Growth ETF accounts for 2.8% of Flaharty Asset Management LLC’s holdings, making the stock its 16th largest holding. Flaharty Asset Management LLC’s holdings in iShares Russell 1000 Growth ETF were worth $1,950,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Godsey & Gibb Inc. purchased a new position in shares of iShares Russell 1000 Growth ETF in the fourth quarter valued at approximately $27,000. Concord Wealth Partners grew its holdings in shares of iShares Russell 1000 Growth ETF by 210.0% in the fourth quarter. Concord Wealth Partners now owns 62 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 42 shares in the last quarter. Reyes Financial Architecture Inc. purchased a new stake in iShares Russell 1000 Growth ETF during the 4th quarter worth approximately $30,000. MBM Wealth Consultants LLC purchased a new stake in iShares Russell 1000 Growth ETF during the 1st quarter worth approximately $28,000. Finally, Networth Advisors LLC acquired a new stake in iShares Russell 1000 Growth ETF during the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 75.33% of the company’s stock.

iShares Russell 1000 Growth ETF Stock Up 0.9%

Shares of IWF stock opened at $124.60 on Friday. iShares Russell 1000 Growth ETF has a 52 week low of $102.23 and a 52 week high of $129.14. The stock has a market capitalization of $127.67 billion, a PE ratio of 33.43 and a beta of 1.17. The firm has a 50 day moving average of $121.75 and a two-hundred day moving average of $117.67.

iShares Russell 1000 Growth ETF 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.