MV Capital Management Inc. Buys New Position in iShares Russell 1000 Growth ETF $IWF

MV Capital Management Inc. bought a new stake in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 167,323 shares of the exchange traded fund’s stock, valued at approximately $79,194,000. iShares Russell 1000 Growth ETF accounts for approximately 7.6% of MV Capital Management Inc.’s holdings, making the stock its largest position.

Other institutional investors also recently made changes to their positions in the company. Godsey & Gibb Inc. acquired a new position in shares of iShares Russell 1000 Growth ETF during the fourth quarter valued at approximately $27,000. Concord Wealth Partners raised its holdings in 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 worth $29,000 after purchasing an additional 42 shares in the last quarter. Reyes Financial Architecture Inc. acquired a new stake in iShares Russell 1000 Growth ETF in the fourth quarter worth approximately $30,000. Networth Advisors LLC bought a new position in iShares Russell 1000 Growth ETF during the 4th quarter valued at $32,000. Finally, Holos Integrated Wealth LLC bought a new position in iShares Russell 1000 Growth ETF during the 4th quarter valued at $35,000. 75.33% of the stock is owned by institutional investors and hedge funds.

iShares Russell 1000 Growth ETF Stock Performance

Shares of IWF stock opened at $123.19 on Friday. iShares Russell 1000 Growth ETF has a 1 year low of $100.47 and a 1 year high of $129.14. The business’s fifty day moving average is $121.68 and its 200-day moving average is $117.10. The stock has a market cap of $128.66 billion, a PE ratio of 33.43 and a beta of 1.16.

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.