M Holdings Securities Inc. Makes New Investment in iShares Russell 1000 Growth ETF $IWF

M Holdings Securities Inc. bought a new stake in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) in the third quarter, HoldingsChannel.com reports. The firm bought 5,621 shares of the exchange traded fund’s stock, valued at approximately $660,000.

A number of other institutional investors also recently modified their holdings of IWF. Avantax Planning Partners Inc. acquired a new position in shares of iShares Russell 1000 Growth ETF during the 3rd quarter worth approximately $40,216,000. Brighton Jones LLC bought a new position in shares of iShares Russell 1000 Growth ETF during the third quarter worth approximately $40,319,000. Kimelman & Baird LLC bought a new position in shares of iShares Russell 1000 Growth ETF during the third quarter worth approximately $65,000. American State Bank Iowa raised its position in shares of iShares Russell 1000 Growth ETF by 5.5% in the third quarter. American State Bank Iowa now owns 121,737 shares of the exchange traded fund’s stock valued at $15,249,000 after buying an additional 6,325 shares in the last quarter. Finally, Cullinan Associates Inc. acquired a new stake in shares of iShares Russell 1000 Growth ETF in the third quarter valued at approximately $3,440,000. Institutional investors own 75.33% of the company’s stock.

iShares Russell 1000 Growth ETF Trading Down 0.9%

Shares of IWF stock opened at $114.02 on Wednesday. The stock has a market cap of $116.68 billion, a P/E ratio of 33.43 and a beta of 1.17. The stock has a 50 day simple moving average of $122.54 and a 200 day simple moving average of $119.36. iShares Russell 1000 Growth ETF has a 1 year low of $102.23 and a 1 year high of $129.80.

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.