Ardent Capital Management Inc. Cuts Stock Holdings in iShares Russell 1000 Growth ETF (NYSEARCA:IWF)

Ardent Capital Management Inc. lowered its stake in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 8.5% during the fourth quarter, Holdings Channel reports. The fund owned 1,510 shares of the exchange traded fund’s stock after selling 141 shares during the period. iShares Russell 1000 Growth ETF comprises 0.3% of Ardent Capital Management Inc.’s investment portfolio, making the stock its 28th largest position. Ardent Capital Management Inc.’s holdings in iShares Russell 1000 Growth ETF were worth $606,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Truvestments Capital LLC purchased a new position in iShares Russell 1000 Growth ETF in the third quarter valued at $27,000. Signature Resources Capital Management LLC purchased a new position in iShares Russell 1000 Growth ETF in the fourth quarter valued at $28,000. Peterson Wealth Services purchased a new position in iShares Russell 1000 Growth ETF in the fourth quarter valued at $35,000. Capital Performance Advisors LLP purchased a new position in iShares Russell 1000 Growth ETF in the third quarter valued at $51,000. Finally, Abound Wealth Management grew its holdings in shares of iShares Russell 1000 Growth ETF by 14,500.0% during the fourth quarter. Abound Wealth Management now owns 146 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 145 shares during the last quarter.

iShares Russell 1000 Growth ETF Stock Performance

Shares of IWF stock opened at $414.28 on Friday. The stock’s 50-day moving average is $409.33 and its two-hundred day moving average is $388.28. The firm has a market cap of $109.60 billion, a price-to-earnings ratio of 35.64 and a beta of 1.20. iShares Russell 1000 Growth ETF has a 1 year low of $315.24 and a 1 year high of $419.53.

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.