iShares Russell 1000 Growth ETF (NYSEARCA:IWF) is Pointe Capital Management LLC’s 3rd Largest Position

Pointe Capital Management LLC increased its holdings in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,110 shares of the exchange traded fund’s stock after buying an additional 1,134 shares during the quarter. iShares Russell 1000 Growth ETF accounts for about 6.1% of Pointe Capital Management LLC’s investment portfolio, making the stock its 3rd largest position. Pointe Capital Management LLC’s holdings in iShares Russell 1000 Growth ETF were worth $8,825,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in IWF. Foster & Motley Inc. lifted its position in shares of iShares Russell 1000 Growth ETF by 20.2% during the 3rd quarter. Foster & Motley Inc. now owns 1,013 shares of the exchange traded fund’s stock valued at $269,000 after buying an additional 170 shares in the last quarter. Independent Advisor Alliance purchased a new position in iShares Russell 1000 Growth ETF during the third quarter valued at approximately $242,000. Bank of New York Mellon Corp boosted its position in shares of iShares Russell 1000 Growth ETF by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 1,264,795 shares of the exchange traded fund’s stock worth $336,423,000 after purchasing an additional 13,379 shares during the period. Brown Advisory Inc. boosted its position in shares of iShares Russell 1000 Growth ETF by 15.7% in the third quarter. Brown Advisory Inc. now owns 206,263 shares of the exchange traded fund’s stock worth $54,864,000 after purchasing an additional 27,962 shares during the period. Finally, Summit Wealth & Retirement Planning Inc. increased its stake in shares of iShares Russell 1000 Growth ETF by 1.0% in the third quarter. Summit Wealth & Retirement Planning Inc. now owns 12,326 shares of the exchange traded fund’s stock worth $3,278,000 after purchasing an additional 120 shares in the last quarter.

iShares Russell 1000 Growth ETF Price Performance

Shares of IWF stock traded up $5.86 on Friday, hitting $331.50. 751,943 shares of the stock traded hands, compared to its average volume of 1,378,412. The firm has a market cap of $87.70 billion, a price-to-earnings ratio of 35.64 and a beta of 1.20. The firm has a 50 day simple moving average of $331.11 and a two-hundred day simple moving average of $309.51. iShares Russell 1000 Growth ETF has a 52 week low of $241.41 and a 52 week high of $340.83.

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.