iShares Russell 1000 Growth ETF $IWF Shares Newly Purchased by Investment Partners LTD.

Investment Partners LTD. purchased a new position in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) in the third quarter, Holdings Channel.com reports. The firm purchased 259,242 shares of the exchange traded fund’s stock, valued at approximately $32,473,000. iShares Russell 1000 Growth ETF comprises 5.0% of Investment Partners LTD.’s investment portfolio, making the stock its 2nd largest position.

Several other hedge funds have also recently made changes to their positions in IWF. Envestnet Asset Management Inc. boosted its holdings in iShares Russell 1000 Growth ETF by 291.9% in 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 purchasing an additional 15,614,625 shares during the last quarter. Baird Financial Group Inc. grew its position in 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 worth $1,438,978,000 after purchasing an additional 8,781,777 shares during the period. Signaturefd LLC purchased a new stake in iShares Russell 1000 Growth ETF during the 3rd quarter valued at $924,594,000. Cetera Investment Advisers raised its stake in 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 valued at $669,220,000 after buying an additional 6,404 shares during the last quarter. Finally, Fifth Third Bancorp raised its stake in iShares Russell 1000 Growth ETF by 153.2% during the 1st quarter. Fifth Third Bancorp now owns 983,920 shares of the exchange traded fund’s stock valued at $419,544,000 after buying an additional 595,395 shares during the last quarter. 75.33% of the stock is owned by hedge funds and other institutional investors.

iShares Russell 1000 Growth ETF Price Performance

NYSEARCA IWF opened at $117.61 on Friday. The stock has a market capitalization of $120.05 billion, a price-to-earnings ratio of 33.43 and a beta of 1.16. iShares Russell 1000 Growth ETF has a 1-year low of $102.23 and a 1-year high of $129.80. The business’s fifty day moving average price is $123.62 and its 200-day moving average price is $119.44.

iShares Russell 1000 Growth ETF 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.