iShares Russell 1000 Growth ETF (NYSEARCA:IWF) Reaches New 1-Year High – Should You Buy?

iShares Russell 1000 Growth ETF (NYSEARCA:IWF) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $400.66 and last traded at $400.36, with a volume of 466843 shares trading hands. The stock had previously closed at $398.79.

iShares Russell 1000 Growth ETF Stock Down 0.6 %

The company has a market capitalization of $104.71 billion, a P/E ratio of 35.64 and a beta of 1.20. The company’s 50-day simple moving average is $376.49 and its 200 day simple moving average is $362.50.

Hedge Funds Weigh In On iShares Russell 1000 Growth ETF

Several hedge funds have recently bought and sold shares of the business. Benjamin Edwards Inc. acquired a new stake in shares of iShares Russell 1000 Growth ETF in the third quarter worth $1,106,000. Kestra Investment Management LLC bought a new position in shares of iShares Russell 1000 Growth ETF in the third quarter worth about $220,000. FSA Wealth Management LLC bought a new stake in iShares Russell 1000 Growth ETF during the 3rd quarter valued at approximately $58,278,000. Edgestream Partners L.P. grew its holdings in iShares Russell 1000 Growth ETF by 30.2% in the 3rd quarter. Edgestream Partners L.P. now owns 2,636 shares of the exchange traded fund’s stock valued at $990,000 after buying an additional 612 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new position in iShares Russell 1000 Growth ETF in the 3rd quarter worth approximately $6,812,000.

iShares Russell 1000 Growth ETF Company 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.