Pettinga Financial Advisors LLC Increases Stock Position in iShares Russell 1000 Growth ETF $IWF

Pettinga Financial Advisors LLC grew its holdings in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 318.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,515 shares of the exchange traded fund’s stock after buying an additional 76,488 shares during the period. iShares Russell 1000 Growth ETF accounts for approximately 2.0% of Pettinga Financial Advisors LLC’s holdings, making the stock its 15th biggest position. Pettinga Financial Advisors LLC’s holdings in iShares Russell 1000 Growth ETF were worth $12,481,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IWF. Godsey & Gibb Inc. bought a new stake in iShares Russell 1000 Growth ETF during the fourth quarter worth about $27,000. Roxbury Financial LLC grew its holdings in iShares Russell 1000 Growth ETF by 300.0% in the second quarter. Roxbury Financial LLC now owns 216 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 162 shares during the period. MBM Wealth Consultants LLC bought a new position in shares of iShares Russell 1000 Growth ETF during the first quarter valued at approximately $28,000. Concord Wealth Partners increased its stake in shares of iShares Russell 1000 Growth ETF by 210.0% during the fourth quarter. Concord Wealth Partners now owns 62 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 42 shares in the last quarter. Finally, Richards Merrill & Peterson Inc. lifted its holdings in shares of iShares Russell 1000 Growth ETF by 76.9% during the first quarter. Richards Merrill & Peterson Inc. now owns 69 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 30 shares during the last quarter. 75.33% of the stock is owned by hedge funds and other institutional investors.

iShares Russell 1000 Growth ETF Stock Performance

IWF stock opened at $124.60 on Monday. The firm has a 50 day moving average price of $121.75 and a 200-day moving average price of $117.67. iShares Russell 1000 Growth ETF has a 52-week low of $102.23 and a 52-week high of $129.14. The firm has a market capitalization of $127.67 billion, a price-to-earnings ratio of 33.43 and a beta of 1.17.

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