Quotient Wealth Partners Adjusts Holdings in iShares Russell 1000 ETF

Quotient Wealth Partners LLC has reduced its stake in the iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 0.5% during the second quarter of 2023. According to a recent filing with the Securities and Exchange Commission, the fund now holds 8,825 shares after selling 46 shares during the quarter. As of the latest report, Quotient Wealth Partners’ investments in the ETF are valued at approximately $3,747,000.

Several institutional investors have also made significant adjustments to their positions in the iShares Russell 1000 Growth ETF. Notably, Kingstone Capital Partners Texas LLC increased its holdings by an extraordinary 722,329.3% in the second quarter. This surge brings their total ownership to 17,851,227 shares, valued at around $7.58 billion, after acquiring an additional 17,848,756 shares.

In the first quarter, Nuveen LLC purchased a new stake in the ETF worth approximately $424.81 million. Similarly, Wellington Management Group LLP boosted its position by 311.4%, now holding 1,285,798 shares valued at $464.29 million after buying an extra 973,250 shares. OVERSEA CHINESE BANKING Corp Ltd also significantly increased its stake by 36,009.0%, bringing its total to 494,693 shares worth around $178.63 million.

Lastly, Northern Trust Corp enhanced its holdings by 4.3%, now owning 5,109,809 shares valued at approximately $1.85 billion. Overall, institutional investors hold about 75.33% of the iShares Russell 1000 Growth ETF.

Market Overview and Performance Metrics

As of the latest trading session, the iShares Russell 1000 Growth ETF opened at $467.12. The fund boasts a market capitalization of $120.94 billion, a price-to-earnings (P/E) ratio of 33.43, and a beta of 1.08. The ETF has demonstrated significant performance variability, with a one-year low of $308.67 and a high of $476.74.

The 50-day moving average stands at $457.96, while the 200-day moving average is reported at $418.21. The iShares Russell 1000 Growth ETF aims to provide investment returns that generally correspond to the performance of the Russell 1000 Growth Index, which includes equity securities of larger companies expected to grow at an above-average rate compared to others in the market.

For those interested in further details, including insider trades and holdings of other hedge funds, HoldingsChannel.com offers comprehensive insights into the iShares Russell 1000 Growth ETF. Additionally, MarketBeat.com provides a daily summary of news and analyst ratings for the ETF and related entities.