Nolet Wealth Management LLC Makes New $4.10 Million Investment in iShares Russell 1000 Growth ETF $IWF

Nolet Wealth Management LLC acquired a new position in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) in the fourth quarter, HoldingsChannel reports. The firm acquired 8,672 shares of the exchange traded fund’s stock, valued at approximately $4,104,000. iShares Russell 1000 Growth ETF comprises about 2.3% of Nolet Wealth Management LLC’s holdings, making the stock its 8th largest position.

Other institutional investors also recently made changes to their positions in the company. Drake & Associates LLC grew its holdings in shares of iShares Russell 1000 Growth ETF by 74.5% during the 4th quarter. Drake & Associates LLC now owns 740 shares of the exchange traded fund’s stock valued at $350,000 after purchasing an additional 316 shares during the last quarter. Sonoma Allocations LLC lifted its stake in iShares Russell 1000 Growth ETF by 6.2% in the fourth quarter. Sonoma Allocations LLC now owns 51,074 shares of the exchange traded fund’s stock worth $23,888,000 after purchasing an additional 2,996 shares during the last quarter. Beaird Harris Wealth Management LLC lifted its stake in iShares Russell 1000 Growth ETF by 141.2% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 4,197 shares of the exchange traded fund’s stock worth $1,986,000 after purchasing an additional 2,457 shares during the last quarter. Monetary Solutions Ltd purchased a new stake in iShares Russell 1000 Growth ETF during the fourth quarter valued at about $208,000. Finally, MV Capital Management Inc. purchased a new stake in iShares Russell 1000 Growth ETF during the fourth quarter valued at about $79,194,000. Hedge funds and other institutional investors own 75.33% of the company’s stock.

iShares Russell 1000 Growth ETF Trading Up 1.3%

Shares of NYSEARCA:IWF opened at $123.19 on Friday. The stock’s 50-day moving average price is $121.68 and its 200-day moving average price is $117.10. iShares Russell 1000 Growth ETF has a 12-month low of $100.47 and a 12-month high of $129.14. The stock has a market capitalization of $128.66 billion, a P/E ratio of 33.43 and a beta of 1.16.

iShares Russell 1000 Growth ETF Company 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.