What iShares Russell 1000 Growth ETF (IWF) Sold: NVIDIA Leads on Oct. 26
This article first appeared on GuruFocus.
iShares Russell 1000 Growth ETF (IWF) extended its recent run of net selling on Monday, with $223.1 million in gross sales and no purchases. The fund's ETF activity reduced 358 positions and increased none, leaving net bought at -$223.1 million against $124.68 billion in assets.
What did IWF sell on Monday?
Its largest sells by dollar value were NVDA ($34.3 million), AAPL ($18.3 million) and MSFT ($13.5 million).
| Stock | Shares changed | Value | Position |
|---|---|---|---|
| NVIDIA (NVDA) | -158,841 | -$34.3M | 15.37% of fund |
| APPLE (AAPL) | -53,317 | -$18.3M | 8.22% of fund |
| MICROSOFT (MSFT) | -25,308 | -$13.5M | 6.03% of fund |
| ALPHABET CLASS A (GOOGL) | -39,664 | -$12.6M | 5.63% of fund |
| BROADCOM INC (AVGO) | -31,672 | -$10.4M | 4.67% of fund |
The largest sale was NVIDIA (NVDA), where 158,841 shares were trimmed for $34.3 million, still 15.37% of the portfolio. Apple (AAPL) followed with a $18.3 million reduction, Microsoft (MSFT) with $13.5 million, Alphabet Class A (GOOGL) with $12.6 million and Broadcom (AVGO) with $10.4 million. None of the top sells were new positions or full exits.
How does IWF invest?
iShares Russell 1000 Growth ETF (IWF) is an Equity US fund with $124.68 billion in assets, holding 307 stocks. Its top 10 holdings account for 57.7% of assets, and its largest sectors are Technology at 55.6%, Communication Services at 15.4% and Consumer Cyclical at 8.1% of classified stocks. Large caps make up 99.3% of the portfolio and mid caps 0.7%, with no small-cap exposure. The expense ratio is 0.18%, and top holdings include NVIDIA at 15.37%, Apple at 8.22%, Microsoft at 6.03%, Alphabet Class A at 5.63% and Broadcom at 4.67%. The fund has a GF Score of 89, a P/E of 29.75, a P/B of 11.81, a dividend yield of 0.36% and a year-to-date return of 3.6%.
iShares Russell 1000 Growth ETF (IWF) at a glance
| Measure | Value |
|---|---|
| Category | Equity US |
| Asset class | Equity |
| Holdings | 307 |
| Top 10 holdings | 57.7% of assets |
| Largest sectors | Technology 55.6%, Communication Services 15.4%, Consumer Cyclical 8.1% |
| Expense ratio | 0.18% |
| Market-cap mix | Large 99.3%, mid 0.7%, small 0.0% |
| 89/100 | |
| P/E | 29.75 |
| P/B | 11.81 |
| Dividend yield | 0.36% |
| Year-to-date return | +3.60% |
| Top holdings | NVDA (15.37%), AAPL (8.22%), MSFT (6.03%), GOOGL (5.63%), AVGO (4.67%) |
Holdings, performance and fees for IWF are on its fund summary page; the ETF Screener lines it up against its peers. For the stock behind its biggest sell, see NVDA's GF Value page and guru trades.
Looking for a fund? Use the ETF Screener, and follow daily fund activity on the ETF Trends page.
