iShares Russell 1000 Growth ETF (NYSEARCA:IWF) Hits New 12-Month High – Here’s What Happened

Shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) hit a new 52-week high on Wednesday . The company traded as high as $124.35 and last traded at $124.31, with a volume of 3734295 shares trading hands. The stock had previously closed at $123.35.

iShares Russell 1000 Growth ETF Trading Up 1.0%

The business has a fifty day simple moving average of $113.45 and a two-hundred day simple moving average of $116.02. The company has a market cap of $130.09 billion, a PE ratio of 33.43 and a beta of 1.16.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in shares of iShares Russell 1000 Growth ETF by 1.6% during the 4th quarter. Bank of America Corp DE now owns 28,021,788 shares of the exchange traded fund’s stock worth $13,262,712,000 after acquiring an additional 443,914 shares during the period. Morgan Stanley raised its holdings in shares of iShares Russell 1000 Growth ETF by 2.2% during the 4th quarter. Morgan Stanley now owns 27,636,174 shares of the exchange traded fund’s stock worth $13,080,203,000 after acquiring an additional 587,889 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of iShares Russell 1000 Growth ETF by 1.0% during the 4th quarter. JPMorgan Chase & Co. now owns 7,496,501 shares of the exchange traded fund’s stock worth $3,548,095,000 after acquiring an additional 70,843 shares during the period. Northern Trust Corp raised its holdings in shares of iShares Russell 1000 Growth ETF by 1.9% during the 4th quarter. Northern Trust Corp now owns 5,560,417 shares of the exchange traded fund’s stock worth $2,631,745,000 after acquiring an additional 101,545 shares during the period. Finally, LPL Financial LLC raised its holdings in shares of iShares Russell 1000 Growth ETF by 1.7% during the 4th quarter. LPL Financial LLC now owns 3,755,659 shares of the exchange traded fund’s stock worth $1,777,554,000 after acquiring an additional 63,975 shares during the period. Hedge funds and other institutional investors own 75.33% of the company’s stock.

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.