497,031 Shares of iShares Russell 1000 Growth ETF $IWF Bought by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC bought a new position in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) in the third quarter, HoldingsChannel reports. The firm bought 497,031 shares of the exchange traded fund’s stock, valued at approximately $62,258,000. iShares Russell 1000 Growth ETF comprises about 1.7% of Avidian Wealth Enterprises LLC’s holdings, making the stock its 11th biggest holding.

Several other institutional investors have also recently added to or reduced their stakes in the business. Valeo Financial Advisors LLC lifted its holdings in shares of iShares Russell 1000 Growth ETF by 0.3% during the 3rd quarter. Valeo Financial Advisors LLC now owns 138,923 shares of the exchange traded fund’s stock valued at $17,401,000 after acquiring an additional 442 shares in the last quarter. Toth Financial Advisory Corp acquired a new position in shares of iShares Russell 1000 Growth ETF during the third quarter valued at $96,000. City Center Advisors LLC bought a new stake in shares of iShares Russell 1000 Growth ETF during the third quarter valued at approximately $296,000. Steph & Co. bought a new stake in shares of iShares Russell 1000 Growth ETF during the third quarter valued at about $1,456,000. Finally, Retirement Wealth Solutions LLC boosted its stake in iShares Russell 1000 Growth ETF by 30.4% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 3,629 shares of the exchange traded fund’s stock valued at $455,000 after purchasing an additional 845 shares in the last quarter. 75.33% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell 1000 Growth ETF Price Performance

Shares of NYSEARCA:IWF traded down $1.77 on Thursday, reaching $126.99. 2,316,947 shares of the company traded hands, compared to its average volume of 7,528,899. The company’s 50 day moving average is $123.61 and its 200-day moving average is $120.79. The stock has a market capitalization of $129.39 billion, a PE ratio of 33.43 and a beta of 1.16. iShares Russell 1000 Growth ETF has a fifty-two week low of $102.23 and a fifty-two week high of $129.80.

About iShares Russell 1000 Growth ETF

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.