Valmark Advisers Inc. Purchases New Stake in iShares Russell 1000 Growth ETF $IWF

Valmark Advisers Inc. acquired a new position in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 58,891 shares of the exchange traded fund’s stock, valued at approximately $7,377,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Jordan Park Group LLC lifted its position in shares of iShares Russell 1000 Growth ETF by 4.8% in the 3rd quarter. Jordan Park Group LLC now owns 50,938 shares of the exchange traded fund’s stock worth $6,380,000 after buying an additional 2,318 shares during the last quarter. Money Concepts Capital Corp bought a new stake in shares of iShares Russell 1000 Growth ETF during the 3rd quarter valued at about $943,000. Citizens & Northern Corp bought a new stake in shares of iShares Russell 1000 Growth ETF during the 3rd quarter valued at about $870,000. Strategic Wealth Advisors LLC raised its stake in iShares Russell 1000 Growth ETF by 404.6% during the third quarter. Strategic Wealth Advisors LLC now owns 23,316 shares of the exchange traded fund’s stock worth $2,921,000 after acquiring an additional 18,695 shares during the period. Finally, Allworth Financial LP grew its holdings in shares of iShares Russell 1000 Growth ETF by 228.4% during the third quarter. Allworth Financial LP now owns 1,039,384 shares of the exchange traded fund’s stock valued at $129,060,000 after purchasing an additional 722,909 shares during the last quarter. Institutional investors own 75.33% of the company’s stock.

iShares Russell 1000 Growth ETF Stock Down 1.1%

Shares of NYSEARCA:IWF traded down $1.30 during trading on Friday, hitting $114.89. 5,898,076 shares of the company traded hands, compared to its average volume of 7,401,509. The business’s fifty day moving average is $122.17 and its 200-day moving average is $119.33. The stock has a market capitalization of $118.03 billion, a price-to-earnings ratio of 26.29 and a beta of 1.17. iShares Russell 1000 Growth ETF has a one year low of $102.23 and a one year high of $129.80.

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.