BT Wealth Management LLC Has $9.35 Million Stake in iShares Russell 1000 Growth ETF (IWF)

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BT Wealth Management LLC lowered its position in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 3.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,766 shares of the exchange traded fund’s stock after selling 2,466 shares during the period. iShares Russell 1000 Growth ETF comprises about 5.5% of BT Wealth Management LLC’s portfolio, making the stock its 5th largest position. BT Wealth Management LLC’s holdings in iShares Russell 1000 Growth ETF were worth $9,349,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Financial Advocates Investment Management grew its position in iShares Russell 1000 Growth ETF by 38.3% during the fourth quarter. Financial Advocates Investment Management now owns 6,451 shares of the exchange traded fund’s stock valued at $230,000 after buying an additional 1,786 shares during the period. Parsec Financial Management Inc. grew its position in iShares Russell 1000 Growth ETF by 1.7% during the fourth quarter. Parsec Financial Management Inc. now owns 15,524 shares of the exchange traded fund’s stock valued at $2,032,000 after buying an additional 261 shares during the period. Valley National Advisers Inc. grew its position in iShares Russell 1000 Growth ETF by 3.6% during the fourth quarter. Valley National Advisers Inc. now owns 4,832 shares of the exchange traded fund’s stock valued at $633,000 after buying an additional 168 shares during the period. Nottingham Advisors Inc. grew its position in iShares Russell 1000 Growth ETF by 2.2% during the fourth quarter. Nottingham Advisors Inc. now owns 77,007 shares of the exchange traded fund’s stock valued at $11,746,000 after buying an additional 1,675 shares during the period. Finally, Beacon Pointe Advisors LLC bought a new position in iShares Russell 1000 Growth ETF during the fourth quarter worth about $2,500,000.

NYSEARCA:IWF traded up $0.04 on Monday, reaching $155.82. 1,386,808 shares of the company’s stock were exchanged, compared to its average volume of 1,925,971. iShares Russell 1000 Growth ETF has a 52 week low of $121.71 and a 52 week high of $157.30.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, March 21st were given a dividend of $0.4289 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Wednesday, March 20th. This is a positive change from iShares Russell 1000 Growth ETF’s previous quarterly dividend of $0.02.

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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.

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Institutional Ownership by Quarter for iShares Russell 1000 Growth ETF (NYSEARCA:IWF)

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