Halbert Hargrove Global Advisors LLC Buys New Shares in iShares Russell 1000 Growth ETF $IWF

Halbert Hargrove Global Advisors LLC purchased a new stake in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) during the third quarter, Holdings Channel.com reports. The firm purchased 5,308 shares of the exchange traded fund’s stock, valued at approximately $665,000.

Several other hedge funds have also made changes to their positions in the company. MBM Wealth Consultants LLC purchased a new position in shares of iShares Russell 1000 Growth ETF during the 1st quarter valued at $28,000. Richards Merrill & Peterson Inc. raised its position in shares of iShares Russell 1000 Growth ETF by 76.9% in the first quarter. Richards Merrill & Peterson Inc. now owns 69 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 30 shares during the period. Main Street Group LTD acquired a new position in iShares Russell 1000 Growth ETF during the 1st quarter worth $64,000. Piedmont Capital Management LLC NC bought a new stake in iShares Russell 1000 Growth ETF during the first quarter valued at about $70,000. Finally, GKV Capital Management Co. Inc. bought a new position in shares of iShares Russell 1000 Growth ETF in the first quarter worth about $85,000. Hedge funds and other institutional investors own 75.33% of the company’s stock.

iShares Russell 1000 Growth ETF Stock Performance

NYSEARCA IWF opened at $124.24 on Friday. The stock has a 50-day simple moving average of $124.20 and a 200 day simple moving average of $121.63. iShares Russell 1000 Growth ETF has a twelve month low of $102.23 and a twelve month high of $129.80. The stock has a market capitalization of $126.66 billion, a PE ratio of 33.43 and a beta of 1.16.

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.