Arbor Investment Advisors LLC Has $4.71 Million Position in iShares Russell 1000 Growth ETF (IWF)

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Arbor Investment Advisors LLC boosted its position in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 4.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,088 shares of the exchange traded fund’s stock after purchasing an additional 1,313 shares during the period. iShares Russell 1000 Growth ETF comprises about 1.5% of Arbor Investment Advisors LLC’s investment portfolio, making the stock its 11th biggest position. Arbor Investment Advisors LLC’s holdings in iShares Russell 1000 Growth ETF were worth $4,705,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Ropes Wealth Advisors LLC lifted its holdings in iShares Russell 1000 Growth ETF by 3.0% during the 1st quarter. Ropes Wealth Advisors LLC now owns 7,178 shares of the exchange traded fund’s stock valued at $1,086,000 after purchasing an additional 210 shares during the last quarter. CHURCHILL MANAGEMENT Corp lifted its holdings in iShares Russell 1000 Growth ETF by 2.4% during the 1st quarter. CHURCHILL MANAGEMENT Corp now owns 2,216,015 shares of the exchange traded fund’s stock valued at $335,416,000 after purchasing an additional 52,401 shares during the last quarter. Northwest Wealth Management LLC lifted its holdings in iShares Russell 1000 Growth ETF by 175.0% during the 1st quarter. Northwest Wealth Management LLC now owns 319 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 203 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in iShares Russell 1000 Growth ETF during the 1st quarter valued at about $54,645,000. Finally, First Citizens Bank & Trust Co. lifted its holdings in iShares Russell 1000 Growth ETF by 1.5% during the 1st quarter. First Citizens Bank & Trust Co. now owns 61,771 shares of the exchange traded fund’s stock valued at $9,350,000 after purchasing an additional 888 shares during the last quarter.

IWF stock traded up $0.04 during trading on Monday, hitting $155.82. 1,386,808 shares of the stock traded hands, compared to its average volume of 1,925,971. iShares Russell 1000 Growth ETF has a one year low of $121.71 and a one year high of $157.30.

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, March 21st were issued a dividend of $0.4289 per share. This is an increase from iShares Russell 1000 Growth ETF’s previous quarterly dividend of $0.02. This represents a $1.72 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend was Wednesday, March 20th.

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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.

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