Merit Financial Group LLC Buys 5,122 Shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF)

Merit Financial Group LLC raised its position in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 70.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,414 shares of the exchange traded fund’s stock after purchasing an additional 5,122 shares during the period. Merit Financial Group LLC’s holdings in iShares Russell 1000 Growth ETF were worth $4,985,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA purchased a new position in shares of iShares Russell 1000 Growth ETF in the 2nd quarter worth approximately $818,000. Beck Bode LLC acquired a new stake in shares of iShares Russell 1000 Growth ETF in the 2nd quarter worth $202,000. AE Wealth Management LLC grew its stake in iShares Russell 1000 Growth ETF by 32.1% during the 2nd quarter. AE Wealth Management LLC now owns 13,877 shares of the exchange traded fund’s stock worth $5,058,000 after buying an additional 3,371 shares during the last quarter. Sei Investments Co. increased its position in iShares Russell 1000 Growth ETF by 6.8% during the 2nd quarter. Sei Investments Co. now owns 36,421 shares of the exchange traded fund’s stock valued at $13,276,000 after buying an additional 2,316 shares in the last quarter. Finally, Summit Trail Advisors LLC raised its stake in iShares Russell 1000 Growth ETF by 15.0% in the second quarter. Summit Trail Advisors LLC now owns 136,347 shares of the exchange traded fund’s stock valued at $49,700,000 after buying an additional 17,817 shares during the last quarter.

iShares Russell 1000 Growth ETF Stock Up 1.2 %

IWF opened at $406.98 on Friday. The firm’s 50-day moving average price is $403.79 and its 200-day moving average price is $380.63. 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 52-week low of $304.85 and a 52-week high of $419.53.

iShares Russell 1000 Growth ETF 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.