First Citizens Bank & Trust Co. Purchases New Shares in iShares Russell 1000 Growth ETF $IWF

First Citizens Bank & Trust Co. acquired a new stake in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) during the third quarter, Holdings Channel reports. The fund acquired 273,099 shares of the exchange traded fund’s stock, valued at approximately $34,208,000.

Several other hedge funds also recently added to or reduced their stakes in IWF. Envestnet Asset Management Inc. increased its stake in iShares Russell 1000 Growth ETF by 291.9% during the second quarter. Envestnet Asset Management Inc. now owns 20,963,458 shares of the exchange traded fund’s stock worth $2,603,007,000 after acquiring an additional 15,614,625 shares during the last quarter. Baird Financial Group Inc. lifted its stake in shares of iShares Russell 1000 Growth ETF by 312.9% in the 2nd quarter. Baird Financial Group Inc. now owns 11,588,776 shares of the exchange traded fund’s stock valued at $1,438,978,000 after purchasing an additional 8,781,777 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of iShares Russell 1000 Growth ETF by 16.2% in the 4th quarter. Royal Bank of Canada now owns 2,024,447 shares of the exchange traded fund’s stock valued at $958,170,000 after purchasing an additional 282,106 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of iShares Russell 1000 Growth ETF by 0.4% during the 1st quarter. Cetera Investment Advisers now owns 1,569,465 shares of the exchange traded fund’s stock worth $669,220,000 after purchasing an additional 6,404 shares during the period. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of iShares Russell 1000 Growth ETF by 20.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,073,714 shares of the exchange traded fund’s stock worth $508,189,000 after purchasing an additional 184,738 shares during the period. 75.33% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell 1000 Growth ETF Trading Down 0.0%

Shares of NYSEARCA:IWF opened at $127.12 on Wednesday. The business has a 50-day moving average price of $124.18 and a 200 day moving average price of $121.35. The company has a market capitalization of $129.74 billion, a price-to-earnings ratio of 33.43 and a beta of 1.16. iShares Russell 1000 Growth ETF has a 12-month low of $102.23 and a 12-month high of $129.80.

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. The index represents approximately 50% of the total market capitalization of the Russell 1000 Index.