Strategic Point Investment Advisors LLC Purchases 302,195 Shares of iShares Russell 1000 Growth ETF $IWF

Strategic Point Investment Advisors LLC increased its position in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 307.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 400,460 shares of the exchange traded fund’s stock after acquiring an additional 302,195 shares during the period. iShares Russell 1000 Growth ETF makes up about 6.5% of Strategic Point Investment Advisors LLC’s investment portfolio, making the stock its 6th largest position. Strategic Point Investment Advisors LLC’s holdings in iShares Russell 1000 Growth ETF were worth $49,725,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of IWF. Principal Securities Inc. grew its holdings in iShares Russell 1000 Growth ETF by 0.4% during the fourth quarter. Principal Securities Inc. now owns 5,159 shares of the exchange traded fund’s stock worth $2,442,000 after acquiring an additional 22 shares during the period. Marks Group Wealth Management Inc raised its position in iShares Russell 1000 Growth ETF by 2.1% in the fourth quarter. Marks Group Wealth Management Inc now owns 1,123 shares of the exchange traded fund’s stock worth $532,000 after acquiring an additional 23 shares in the last quarter. Blankinship & Foster LLC lifted its holdings in iShares Russell 1000 Growth ETF by 0.4% in the 1st quarter. Blankinship & Foster LLC now owns 5,589 shares of the exchange traded fund’s stock valued at $2,383,000 after acquiring an additional 24 shares during the last quarter. Rossby Financial LCC lifted its holdings in iShares Russell 1000 Growth ETF by 3.7% in the 4th quarter. Rossby Financial LCC now owns 674 shares of the exchange traded fund’s stock valued at $319,000 after acquiring an additional 24 shares during the last quarter. Finally, Cambridge Advisors Inc. boosted its position in shares of iShares Russell 1000 Growth ETF by 0.4% during the 1st quarter. Cambridge Advisors Inc. now owns 6,509 shares of the exchange traded fund’s stock valued at $2,775,000 after purchasing an additional 25 shares in the last quarter. Institutional investors and hedge funds own 75.33% of the company’s stock.

iShares Russell 1000 Growth ETF Trading Up 0.9%

NYSEARCA:IWF opened at $124.60 on Friday. The company has a 50-day moving average of $121.75 and a 200-day moving average of $117.67. The firm has a market cap of $127.67 billion, a price-to-earnings ratio of 33.43 and a beta of 1.17. iShares Russell 1000 Growth ETF has a twelve month low of $102.23 and a twelve month high of $129.14.

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.