David Wealth Management LLC Makes New $1.14 Million Investment in iShares Russell 1000 Growth ETF (NYSEARCA:IWF)

David Wealth Management LLC purchased a new stake in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,839 shares of the exchange traded fund’s stock, valued at approximately $1,140,000. iShares Russell 1000 Growth ETF accounts for about 0.9% of David Wealth Management LLC’s investment portfolio, making the stock its 13th largest holding.

Several other institutional investors have also recently made changes to their positions in the stock. Smith Salley Wealth Management grew its position in shares of iShares Russell 1000 Growth ETF by 14.3% during the 4th quarter. Smith Salley Wealth Management now owns 3,256 shares of the exchange traded fund’s stock valued at $1,307,000 after purchasing an additional 407 shares in the last quarter. Affiance Financial LLC boosted its position in shares of iShares Russell 1000 Growth ETF by 4.6% during the 4th quarter. Affiance Financial LLC now owns 30,035 shares of the exchange traded fund’s stock valued at $12,061,000 after acquiring an additional 1,322 shares during the last quarter. Clientfirst Wealth Management LLC purchased a new position in shares of iShares Russell 1000 Growth ETF during the fourth quarter worth about $11,350,000. Realta Investment Advisors purchased a new position in shares of iShares Russell 1000 Growth ETF during the fourth quarter worth about $1,095,000. Finally, Independent Advisor Alliance raised its stake in iShares Russell 1000 Growth ETF by 8.4% in the third quarter. Independent Advisor Alliance now owns 1,125 shares of the exchange traded fund’s stock valued at $422,000 after purchasing an additional 87 shares in the last quarter.

iShares Russell 1000 Growth ETF Stock Performance

NYSEARCA IWF opened at $411.05 on Wednesday. The company has a fifty day moving average of $408.68 and a 200-day moving average of $385.24. iShares Russell 1000 Growth ETF has a 52-week low of $315.24 and a 52-week high of $419.53. The company has a market capitalization of $108.74 billion, a P/E ratio of 35.64 and a beta of 1.20.

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.