First United Bank & Trust Lowers Stake in iShares Russell 1000 Growth ETF (NYSEARCA:IWF)

First United Bank & Trust trimmed its position in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,840 shares of the exchange traded fund’s stock after selling 136 shares during the quarter. iShares Russell 1000 Growth ETF accounts for approximately 1.1% of First United Bank & Trust’s portfolio, making the stock its 25th largest holding. First United Bank & Trust’s holdings in iShares Russell 1000 Growth ETF were worth $3,148,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of IWF. Truvestments Capital LLC purchased a new stake in iShares Russell 1000 Growth ETF during the 3rd quarter worth $27,000. ORG Wealth Partners LLC purchased a new position in iShares Russell 1000 Growth ETF in the third quarter valued at about $31,000. Nemes Rush Group LLC lifted its stake in shares of iShares Russell 1000 Growth ETF by 188.2% during the second quarter. Nemes Rush Group LLC now owns 98 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 64 shares in the last quarter. Kimelman & Baird LLC purchased a new stake in shares of iShares Russell 1000 Growth ETF in the second quarter worth about $47,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of iShares Russell 1000 Growth ETF in the third quarter valued at about $51,000.

iShares Russell 1000 Growth ETF Stock Performance

Shares of NYSEARCA:IWF opened at $406.98 on Tuesday. The company has a market cap of $107.67 billion, a P/E ratio of 35.64 and a beta of 1.20. iShares Russell 1000 Growth ETF has a one year low of $304.85 and a one year high of $419.53. The business’s 50-day simple moving average is $403.79 and its 200 day simple moving average is $380.75.

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.