Integrated Capital Management Inc. Makes New $2.62 Million Investment in iShares Russell 1000 Growth ETF $IWF

Integrated Capital Management Inc. bought a new stake in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) during the third quarter, Holdings Channel.com reports. The firm bought 20,885 shares of the exchange traded fund’s stock, valued at approximately $2,616,000. iShares Russell 1000 Growth ETF makes up about 1.9% of Integrated Capital Management Inc.’s holdings, making the stock its 15th biggest holding.

Other large investors have also modified their holdings of the company. MBM Wealth Consultants LLC bought a new stake in iShares Russell 1000 Growth ETF in the 1st quarter valued at about $28,000. Richards Merrill & Peterson Inc. grew its position in iShares Russell 1000 Growth ETF by 76.9% in the 1st quarter. Richards Merrill & Peterson Inc. now owns 69 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 30 shares during the last quarter. Motiv8 Investments LLC acquired a new stake in shares of iShares Russell 1000 Growth ETF in the fourth quarter valued at approximately $35,000. Main Street Group LTD bought a new stake in shares of iShares Russell 1000 Growth ETF during the first quarter valued at approximately $64,000. Finally, Piedmont Capital Management LLC NC bought a new stake in shares of iShares Russell 1000 Growth ETF during the first quarter valued at approximately $70,000. Institutional investors and hedge funds own 75.33% of the company’s stock.

iShares Russell 1000 Growth ETF Trading Down 1.3%

Shares of NYSEARCA IWF opened at $127.11 on Friday. iShares Russell 1000 Growth ETF has a 12-month low of $102.23 and a 12-month high of $129.80. The company has a market cap of $129.51 billion, a PE ratio of 33.43 and a beta of 1.16. The stock has a 50 day simple moving average of $123.80 and a 200-day simple moving average of $120.94.

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.