Pin Oak Investment Advisors Inc. Lowers Stock Position in iShares Russell 1000 Growth ETF $IWF

Pin Oak Investment Advisors Inc. trimmed its position in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 8.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 3,799 shares of the exchange traded fund’s stock after selling 367 shares during the quarter. iShares Russell 1000 Growth ETF makes up about 1.3% of Pin Oak Investment Advisors Inc.’s holdings, making the stock its 20th largest holding. Pin Oak Investment Advisors Inc.’s holdings in iShares Russell 1000 Growth ETF were worth $1,613,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IWF. Concord Wealth Partners increased its stake in shares of iShares Russell 1000 Growth ETF by 1,966.7% in the second quarter. Concord Wealth Partners now owns 62 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 59 shares in the last quarter. HighMark Wealth Management LLC boosted its holdings in iShares Russell 1000 Growth ETF by 60.5% in the 2nd quarter. HighMark Wealth Management LLC now owns 69 shares of the exchange traded fund’s stock worth $29,000 after buying an additional 26 shares during the period. Bell Investment Advisors Inc purchased a new stake in iShares Russell 1000 Growth ETF in the 2nd quarter worth $32,000. First Community Trust NA increased its stake in iShares Russell 1000 Growth ETF by 525.0% in the 2nd quarter. First Community Trust NA now owns 125 shares of the exchange traded fund’s stock worth $53,000 after buying an additional 105 shares in the last quarter. Finally, Compass Financial Services Inc bought a new stake in iShares Russell 1000 Growth ETF during the second quarter valued at about $62,000. Institutional investors own 75.33% of the company’s stock.

iShares Russell 1000 Growth ETF Stock Down 0.9%

NYSEARCA IWF opened at $466.49 on Tuesday. The firm has a market cap of $121.12 billion, a price-to-earnings ratio of 33.43 and a beta of 1.13. The business has a 50-day moving average price of $471.15 and a 200-day moving average price of $438.87. iShares Russell 1000 Growth ETF has a twelve month low of $308.67 and a twelve month high of $493.00.

About iShares Russell 1000 Growth ETF

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.