NewEdge Wealth LLC Has $128.29 Million Holdings in iShares Russell 1000 Growth ETF $IWF

NewEdge Wealth LLC increased its holdings in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 135.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 271,051 shares of the exchange traded fund’s stock after acquiring an additional 155,962 shares during the period. iShares Russell 1000 Growth ETF comprises approximately 1.4% of NewEdge Wealth LLC’s holdings, making the stock its 12th largest holding. NewEdge Wealth LLC owned approximately 0.10% of iShares Russell 1000 Growth ETF worth $128,289,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IWF. Godsey & Gibb Inc. acquired a new position in iShares Russell 1000 Growth ETF in the fourth quarter worth $27,000. Concord Wealth Partners increased its stake in shares of iShares Russell 1000 Growth ETF by 210.0% in the fourth quarter. Concord Wealth Partners now owns 62 shares of the exchange traded fund’s stock valued at $29,000 after buying an additional 42 shares in the last quarter. Reyes Financial Architecture Inc. bought a new position in shares of iShares Russell 1000 Growth ETF in the fourth quarter valued at about $30,000. Networth Advisors LLC bought a new position in shares of iShares Russell 1000 Growth ETF in the fourth quarter valued at about $32,000. Finally, Holos Integrated Wealth LLC acquired a new position in iShares Russell 1000 Growth ETF during the 4th quarter worth about $35,000. 75.33% of the stock is owned by institutional investors and hedge funds.

iShares Russell 1000 Growth ETF Stock Up 0.7%

Shares of NYSEARCA:IWF opened at $123.54 on Friday. The firm has a market cap of $129.03 billion, a P/E ratio of 33.43 and a beta of 1.16. iShares Russell 1000 Growth ETF has a 12 month low of $93.39 and a 12 month high of $123.78. The company’s 50-day moving average price is $112.86 and its two-hundred day moving average price is $115.90.

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. The index represents approximately 50% of the total market capitalization of the Russell 1000 Index.