Ledyard National Bank Makes New Investment in iShares Russell 1000 Growth ETF $IWF

Ledyard National Bank purchased a new position in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) in the 3rd quarter, Holdings Channel reports. The fund purchased 11,608 shares of the exchange traded fund’s stock, valued at approximately $1,454,000.

Other large investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake in iShares Russell 1000 Growth ETF by 291.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 20,963,458 shares of the exchange traded fund’s stock valued at $2,603,007,000 after acquiring an additional 15,614,625 shares in the last quarter. Baird Financial Group Inc. boosted its position in iShares Russell 1000 Growth ETF by 312.9% during the 2nd quarter. Baird Financial Group Inc. now owns 11,588,776 shares of the exchange traded fund’s stock worth $1,438,978,000 after acquiring an additional 8,781,777 shares during the period. Stairway Partners LLC bought a new position in shares of iShares Russell 1000 Growth ETF in the third quarter worth $198,042,000. Cetera Investment Advisers grew its stake in shares of iShares Russell 1000 Growth ETF by 0.4% in the first 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 in the last quarter. Finally, Waverly Advisors LLC grew its stake in shares of iShares Russell 1000 Growth ETF by 585.1% in the second quarter. Waverly Advisors LLC now owns 1,393,291 shares of the exchange traded fund’s stock worth $173,005,000 after purchasing an additional 1,189,910 shares in the last quarter. 75.33% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell 1000 Growth ETF Stock Performance

Shares of IWF opened at $120.09 on Friday. The firm has a market capitalization of $123.08 billion, a price-to-earnings ratio of 33.43 and a beta of 1.16. iShares Russell 1000 Growth ETF has a one year low of $102.23 and a one year high of $129.80. The stock’s fifty day moving average is $123.95 and its 200-day moving average is $122.18.

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.