MAI Capital Management Reduces Holdings in iShares Russell 1000 Growth ETF $IWF

MAI Capital Management reduced its position in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 5.2% during the second quarter, HoldingsChannel reports. The firm owned 398,651 shares of the exchange traded fund’s stock after selling 21,878 shares during the quarter. iShares Russell 1000 Growth ETF comprises about 1.2% of MAI Capital Management’s holdings, making the stock its 15th largest holding. MAI Capital Management’s holdings in iShares Russell 1000 Growth ETF were worth $169,259,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in IWF. Concord Wealth Partners lifted its holdings in iShares Russell 1000 Growth ETF by 1,966.7% in the 2nd quarter. Concord Wealth Partners now owns 62 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 59 shares in the last quarter. HighMark Wealth Management LLC increased its position in shares of iShares Russell 1000 Growth ETF by 60.5% during the second quarter. HighMark Wealth Management LLC now owns 69 shares of the exchange traded fund’s stock worth $29,000 after acquiring an additional 26 shares during the last quarter. Bell Investment Advisors Inc acquired a new position in shares of iShares Russell 1000 Growth ETF in the second quarter worth about $32,000. First Community Trust NA lifted its stake in shares of iShares Russell 1000 Growth ETF by 525.0% in the second quarter. First Community Trust NA now owns 125 shares of the exchange traded fund’s stock worth $53,000 after acquiring an additional 105 shares in the last quarter. Finally, Compass Financial Services Inc purchased a new position in iShares Russell 1000 Growth ETF in the second quarter valued at about $62,000. 75.33% of the stock is owned by institutional investors and hedge funds.

iShares Russell 1000 Growth ETF Stock Down 2.0%

Shares of NYSEARCA IWF opened at $454.95 on Friday. The business has a 50 day moving average price of $471.39 and a two-hundred day moving average price of $439.74. iShares Russell 1000 Growth ETF has a fifty-two week low of $308.67 and a fifty-two week high of $493.00. The firm has a market cap of $118.13 billion, a PE ratio of 33.43 and a beta of 1.13.

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.