Perigon Wealth Management Increases Stake in iShares ETF by 6.8%

Perigon Wealth Management LLC has increased its stake in the iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 6.8% during the third quarter of 2023, according to Holdings Channel. This adjustment brings Perigon’s total holdings to 20,332 shares, valued at approximately $9,524,000 at the close of the reporting period.

Several other institutional investors have also adjusted their positions in the iShares Russell 1000 Growth ETF recently. Notably, Concord Wealth Partners raised its stake by an impressive 1,966.7% in the second quarter, now owning 62 shares worth $26,000, having added 59 shares during that time. HighMark Wealth Management LLC similarly increased its holdings by 60.5%, acquiring an additional 26 shares and bringing its total to 69 shares valued at $29,000.

Other significant moves include Bell Investment Advisors Inc, which established a new position in the ETF valued at $32,000, and First Community Trust NA, which boosted its stake by 525.0%, now holding 125 shares worth $53,000. Additionally, Compass Financial Services Inc entered a new position valued at $62,000.

As of the latest data, approximately 75.33% of the iShares Russell 1000 Growth ETF is owned by institutional investors and hedge funds, reflecting strong interest in this financial product.

Current Market Performance

On Friday, shares of the iShares Russell 1000 Growth ETF opened at $480.33. The ETF boasts a market capitalization of $124.72 billion, a price-to-earnings ratio of 33.43, and a beta of 1.13. The ETF’s fifty-day simple moving average stands at $475.05, while its two-hundred-day moving average is $454.47. Over the past year, the ETF has experienced a low of $308.67 and a high of $493.00.

The iShares Russell 1000 Growth ETF, previously known as the iShares Russell 1000 Growth Index Fund, aims to provide investment returns that generally correspond to the price and yield performance of the Russell 1000 Growth Index. This index measures the performance of equity securities from Russell 1000 issuers that exhibit relatively higher price-to-book ratios and anticipated growth, representing about 50% of the total market capitalization of the Russell 1000 Index.

For those interested in further details regarding the holdings of this ETF, Holdings Channel provides updated information on 13F filings and insider trades for the iShares Russell 1000 Growth ETF (NYSEARCA:IWF).