Potentia Wealth Makes New Investment in iShares Russell 1000 Growth ETF (NYSEARCA:IWF)

Potentia Wealth acquired a new stake in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 18,412 shares of the exchange traded fund’s stock, valued at approximately $7,394,000. iShares Russell 1000 Growth ETF accounts for about 3.3% of Potentia Wealth’s holdings, making the stock its 5th biggest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. purchased a new position in shares of iShares Russell 1000 Growth ETF in the 4th quarter valued at about $1,367,267,000. Strategic Financial Concepts LLC boosted its holdings in iShares Russell 1000 Growth ETF by 44,227.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 656,939 shares of the exchange traded fund’s stock valued at $263,814,000 after purchasing an additional 655,457 shares in the last quarter. Wellington Management Group LLP increased its stake in iShares Russell 1000 Growth ETF by 5,975.8% in the third quarter. Wellington Management Group LLP now owns 540,989 shares of the exchange traded fund’s stock valued at $203,076,000 after purchasing an additional 532,085 shares during the last quarter. Prudential Financial Inc. raised its holdings in iShares Russell 1000 Growth ETF by 100.9% during the fourth quarter. Prudential Financial Inc. now owns 831,195 shares of the exchange traded fund’s stock worth $333,791,000 after purchasing an additional 417,507 shares in the last quarter. Finally, Polen Capital Management LLC lifted its position in shares of iShares Russell 1000 Growth ETF by 210.5% during the 4th quarter. Polen Capital Management LLC now owns 503,619 shares of the exchange traded fund’s stock worth $202,243,000 after buying an additional 341,413 shares during the last quarter.

iShares Russell 1000 Growth ETF Trading Up 2.2 %

Shares of iShares Russell 1000 Growth ETF stock opened at $377.95 on Tuesday. The company has a fifty day simple moving average of $396.67 and a 200-day simple moving average of $392.17. iShares Russell 1000 Growth ETF has a 12-month low of $315.24 and a 12-month high of $419.53. The stock has a market cap of $99.12 billion, a price-to-earnings ratio of 31.83 and a beta of 1.11.

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.