iShares Russell 1000 Growth ETF $IWF Stock: Cornerstone Wealth Management LLC Decreases Stake

Cornerstone Wealth Management LLC cut its holdings in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 35.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,738 shares of the exchange traded fund’s stock after selling 9,000 shares during the period. Cornerstone Wealth Management LLC’s holdings in iShares Russell 1000 Growth ETF were worth $2,097,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of IWF. Midwest Capital Advisors LLC bought a new stake in shares of iShares Russell 1000 Growth ETF during the 3rd quarter valued at $25,000. Roxbury Financial LLC increased its stake in shares of iShares Russell 1000 Growth ETF by 300.0% in the 2nd quarter. Roxbury Financial LLC now owns 216 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 162 shares in the last quarter. Byrne Asset Management LLC raised its holdings in iShares Russell 1000 Growth ETF by 300.0% in the 2nd quarter. Byrne Asset Management LLC now owns 236 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 177 shares during the period. Godsey & Gibb Inc. bought a new position in iShares Russell 1000 Growth ETF in the 3rd quarter worth $29,000. Finally, Pathway Financial Advisers LLC bought a new position in iShares Russell 1000 Growth ETF in the 3rd quarter worth $36,000. Hedge funds and other institutional investors own 75.33% of the company’s stock.

iShares Russell 1000 Growth ETF Stock Performance

NYSEARCA IWF opened at $116.62 on Thursday. The company has a market capitalization of $120.12 billion, a PE ratio of 26.29 and a beta of 1.17. The business’s fifty day moving average is $122.45 and its 200 day moving average is $119.36. iShares Russell 1000 Growth ETF has a fifty-two week low of $102.23 and a fifty-two week 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.