GenWealth Group Inc. Buys 26,742 Shares of iShares Russell 1000 Growth ETF $IWF

GenWealth Group Inc. grew its stake in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 308.1% during the second quarter, Holdings Channel reports. The institutional investor owned 35,423 shares of the exchange traded fund’s stock after buying an additional 26,742 shares during the period. iShares Russell 1000 Growth ETF comprises 0.7% of GenWealth Group Inc.’s holdings, making the stock its 23rd biggest position. GenWealth Group Inc.’s holdings in iShares Russell 1000 Growth ETF were worth $4,398,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Stairway Partners LLC increased its holdings in iShares Russell 1000 Growth ETF by 294.0% in the 2nd quarter. Stairway Partners LLC now owns 1,579,113 shares of the exchange traded fund’s stock worth $196,078,000 after acquiring an additional 1,178,345 shares in the last quarter. 71 West Capital Partners purchased a new position in iShares Russell 1000 Growth ETF during the fourth quarter valued at approximately $385,150,000. OpenArc Corporate Advisory LLC bought a new position in shares of iShares Russell 1000 Growth ETF in the fourth quarter worth approximately $376,761,000. Dynasty Wealth Management LLC boosted its position in shares of iShares Russell 1000 Growth ETF by 1,752.6% in the fourth quarter. Dynasty Wealth Management LLC now owns 657,578 shares of the exchange traded fund’s stock worth $311,232,000 after purchasing an additional 622,083 shares during the period. Finally, Fifth Third Bancorp increased its stake in shares of iShares Russell 1000 Growth ETF by 153.2% in the first quarter. Fifth Third Bancorp now owns 983,920 shares of the exchange traded fund’s stock worth $419,544,000 after purchasing an additional 595,395 shares in the last quarter. 75.33% of the stock is currently owned by institutional investors.

iShares Russell 1000 Growth ETF Price Performance

Shares of IWF stock opened at $123.60 on Wednesday. The company has a market capitalization of $126.64 billion, a price-to-earnings ratio of 33.43 and a beta of 1.17. iShares Russell 1000 Growth ETF has a one year low of $102.23 and a one year high of $129.14. The company’s fifty day moving average price is $121.57 and its 200-day moving average price is $117.79.

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.