Beacon Advisors Holdings LLC Buys Shares of 5,841 iShares Russell 1000 Growth ETF $IWF

Beacon Advisors Holdings LLC purchased a new stake in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 5,841 shares of the exchange traded fund’s stock, valued at approximately $2,765,000. iShares Russell 1000 Growth ETF makes up 1.5% of Beacon Advisors Holdings LLC’s portfolio, making the stock its 21st largest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of IWF. Bright Futures Wealth Management LLC. purchased a new stake in iShares Russell 1000 Growth ETF in the third quarter valued at approximately $532,000. 1ST Source Bank lifted its position in iShares Russell 1000 Growth ETF by 0.8% during the third quarter. 1ST Source Bank now owns 568,098 shares of the exchange traded fund’s stock valued at $266,103,000 after purchasing an additional 4,486 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its stake in iShares Russell 1000 Growth ETF by 3.3% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 67,884 shares of the exchange traded fund’s stock worth $32,130,000 after buying an additional 2,139 shares in the last quarter. Farther Finance Advisors LLC grew its stake in iShares Russell 1000 Growth ETF by 59.3% in the 4th quarter. Farther Finance Advisors LLC now owns 46,216 shares of the exchange traded fund’s stock worth $21,874,000 after buying an additional 17,212 shares in the last quarter. Finally, Focus Partners Wealth increased its holdings in shares of iShares Russell 1000 Growth ETF by 75.0% in the 3rd quarter. Focus Partners Wealth now owns 1,324,870 shares of the exchange traded fund’s stock worth $620,714,000 after buying an additional 568,001 shares during the last quarter. 75.33% of the stock is owned by hedge funds and other institutional investors.

iShares Russell 1000 Growth ETF Stock Performance

iShares Russell 1000 Growth ETF stock opened at $123.19 on Friday. The firm’s fifty day moving average price is $121.68 and its 200-day moving average price is $117.10. The stock has a market cap of $128.66 billion, a P/E ratio of 33.43 and a beta of 1.16. iShares Russell 1000 Growth ETF has a fifty-two week low of $100.47 and a fifty-two week high of $129.14.

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.