Asset Dedication LLC Buys New Position in iShares Russell 1000 Growth ETF $IWF

Asset Dedication LLC bought a new position in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) during the third quarter, Holdings Channel.com reports. The firm bought 17,753 shares of the exchange traded fund’s stock, valued at approximately $2,224,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IWF. Envestnet Asset Management Inc. increased its position in shares of 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 valued at $2,603,007,000 after buying an additional 15,614,625 shares during the period. Baird Financial Group Inc. increased 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 valued at $1,438,978,000 after purchasing an additional 8,781,777 shares during the period. Signaturefd LLC acquired a new position in shares of iShares Russell 1000 Growth ETF in the third quarter worth about $924,594,000. Commonwealth Equity Services LLC purchased a new stake in iShares Russell 1000 Growth ETF in the third quarter valued at $780,796,000. Finally, Cetera Investment Advisers lifted its position 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 buying an additional 6,404 shares during the last quarter. 75.33% of the stock is owned by institutional investors and hedge funds.

iShares Russell 1000 Growth ETF Trading Up 1.3%

Shares of NYSEARCA IWF opened at $111.75 on Friday. The company has a market cap of $114.24 billion, a P/E ratio of 33.43 and a beta of 1.17. The stock has a fifty day moving average price of $122.87 and a 200 day moving average price of $119.38. 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.