Ashton Thomas Private Wealth LLC increased its ownership in the iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 7.9% during the third quarter. Following this purchase, the firm held a total of 71,596 shares of the ETF, according to its latest filing with the Securities and Exchange Commission (SEC).
The additional shares were acquired as part of the company’s ongoing investment strategy, reflecting confidence in the ETF’s growth potential.
**Why this matters**
Changes in institutional holdings can signal shifts in market sentiment or investment strategies. An increase in shares by a private wealth firm may indicate expectations of continued growth in the Russell 1000 Growth index, which the ETF tracks. Investors often monitor such movements to gauge confidence levels among professional investors.
Source: NewsData