Edgewood Management LLC Makes New $5.74 Million Investment in iShares Russell 1000 Growth ETF (NYSEARCA:IWF)

Edgewood Management LLC purchased a new stake in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) during the fourth quarter, Holdings Channel reports. The firm purchased 14,300 shares of the exchange traded fund’s stock, valued at approximately $5,743,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Smith Salley Wealth Management raised its stake in iShares Russell 1000 Growth ETF by 14.3% in the fourth quarter. Smith Salley Wealth Management now owns 3,256 shares of the exchange traded fund’s stock valued at $1,307,000 after buying an additional 407 shares during the last quarter. J.W. Cole Advisors Inc. raised its position in shares of iShares Russell 1000 Growth ETF by 0.5% in the 4th quarter. J.W. Cole Advisors Inc. now owns 21,078 shares of the exchange traded fund’s stock valued at $8,465,000 after purchasing an additional 111 shares during the last quarter. Affiance Financial LLC boosted its stake in iShares Russell 1000 Growth ETF by 4.6% in the 4th quarter. Affiance Financial LLC now owns 30,035 shares of the exchange traded fund’s stock worth $12,061,000 after purchasing an additional 1,322 shares in the last quarter. Clientfirst Wealth Management LLC acquired a new stake in iShares Russell 1000 Growth ETF in the 4th quarter worth approximately $11,350,000. Finally, Realta Investment Advisors purchased a new stake in iShares Russell 1000 Growth ETF during the 4th quarter worth approximately $1,095,000.

iShares Russell 1000 Growth ETF Trading Down 6.0 %

NYSEARCA IWF opened at $325.67 on Friday. iShares Russell 1000 Growth ETF has a 12-month low of $315.24 and a 12-month high of $419.53. The company has a fifty day simple moving average of $388.12 and a two-hundred day simple moving average of $392.03. The stock has a market cap of $86.43 billion, a P/E ratio of 31.13 and a beta of 1.15.

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.