Principal Financial Group Inc. Boosts Stake in iShares Russell 1000 Growth ETF $IWF

Principal Financial Group Inc. raised its holdings in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 40.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 134,150 shares of the exchange traded fund’s stock after buying an additional 38,795 shares during the period. Principal Financial Group Inc.’s holdings in iShares Russell 1000 Growth ETF were worth $57,204,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of IWF. Godsey & Gibb Inc. bought a new position in shares of iShares Russell 1000 Growth ETF in the fourth quarter worth about $27,000. MBM Wealth Consultants LLC purchased a new stake in iShares Russell 1000 Growth ETF in the 1st quarter valued at about $28,000. Concord Wealth Partners grew its stake in iShares Russell 1000 Growth ETF by 210.0% in the 4th quarter. Concord Wealth Partners now owns 62 shares of the exchange traded fund’s stock worth $29,000 after acquiring an additional 42 shares in the last quarter. Richards Merrill & Peterson Inc. raised its stake in shares of iShares Russell 1000 Growth ETF by 76.9% during the first quarter. Richards Merrill & Peterson Inc. now owns 69 shares of the exchange traded fund’s stock valued at $29,000 after acquiring an additional 30 shares in the last quarter. Finally, Reyes Financial Architecture Inc. bought a new stake in shares of iShares Russell 1000 Growth ETF during the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 75.33% of the company’s stock.

iShares Russell 1000 Growth ETF Price Performance

IWF stock opened at $119.38 on Friday. The business has a 50-day moving average price of $123.27 and a 200 day moving average price of $117.53. The company has a market capitalization of $123.33 billion, a P/E 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 $129.14.

About iShares Russell 1000 Growth ETF

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.