JP Wealth Management Inc. Takes $2.17 Million Position in iShares Russell 1000 Growth ETF (NYSEARCA:IWF)

JP Wealth Management Inc. purchased a new stake in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,400 shares of the exchange traded fund’s stock, valued at approximately $2,169,000. iShares Russell 1000 Growth ETF makes up about 1.6% of JP Wealth Management Inc.’s holdings, making the stock its 10th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC increased its position in iShares Russell 1000 Growth ETF by 39,461.1% during the third quarter. International Assets Investment Management LLC now owns 3,605,203 shares of the exchange traded fund’s stock worth $1,353,321,000 after buying an additional 3,596,090 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of iShares Russell 1000 Growth ETF by 5,975.8% in the third quarter. Wellington Management Group LLP now owns 540,989 shares of the exchange traded fund’s stock worth $203,076,000 after acquiring an additional 532,085 shares during the last quarter. Signaturefd LLC grew its stake in shares of iShares Russell 1000 Growth ETF by 23.8% during the 3rd quarter. Signaturefd LLC now owns 2,060,518 shares of the exchange traded fund’s stock valued at $773,477,000 after buying an additional 396,408 shares during the period. FSA Wealth Management LLC acquired a new stake in iShares Russell 1000 Growth ETF during the third quarter worth about $58,278,000. Finally, Accredited Investors Inc. raised its holdings in iShares Russell 1000 Growth ETF by 157.2% in the third quarter. Accredited Investors Inc. now owns 250,638 shares of the exchange traded fund’s stock valued at $94,084,000 after buying an additional 153,176 shares during the period.

iShares Russell 1000 Growth ETF Trading Down 1.0 %

Shares of NYSEARCA IWF opened at $405.04 on Tuesday. The stock has a fifty day moving average price of $407.16 and a 200 day moving average price of $383.17. The company has a market cap of $107.15 billion, a P/E ratio of 35.64 and a beta of 1.20. iShares Russell 1000 Growth ETF has a 12-month low of $315.24 and a 12-month high of $419.53.

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.