Summit Financial Strategies Inc. Sells 59 Shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF)

Summit Financial Strategies Inc. cut its holdings in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,021 shares of the exchange traded fund’s stock after selling 59 shares during the period. Summit Financial Strategies Inc.’s holdings in iShares Russell 1000 Growth ETF were worth $2,016,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IWF. Truvestments Capital LLC bought a new stake in shares of iShares Russell 1000 Growth ETF during the 3rd quarter worth $27,000. Signature Resources Capital Management LLC acquired a new position in iShares Russell 1000 Growth ETF during the fourth quarter worth about $28,000. ORG Wealth Partners LLC bought a new position in shares of iShares Russell 1000 Growth ETF in the third quarter worth about $31,000. Nemes Rush Group LLC boosted its stake in shares of iShares Russell 1000 Growth ETF by 188.2% in the 2nd quarter. Nemes Rush Group LLC now owns 98 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 64 shares in the last quarter. Finally, Kimelman & Baird LLC bought a new stake in shares of iShares Russell 1000 Growth ETF during the 2nd quarter valued at approximately $47,000.

iShares Russell 1000 Growth ETF Price Performance

IWF stock opened at $415.49 on Monday. The stock has a market cap of $109.92 billion, a price-to-earnings ratio of 35.64 and a beta of 1.20. The company has a 50 day simple moving average of $405.51 and a 200 day simple moving average of $381.96. iShares Russell 1000 Growth ETF has a 1 year low of $310.51 and a 1 year high of $419.53.

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.