27,460 Shares in iShares Russell 1000 Growth ETF $IWF Purchased by Cullinan Associates Inc.

Cullinan Associates Inc. acquired a new position in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 27,460 shares of the exchange traded fund’s stock, valued at approximately $3,440,000.

Other large investors have also recently added to or reduced their stakes in the company. Arlington Trust Co LLC boosted its holdings in iShares Russell 1000 Growth ETF by 671.9% during the second quarter. Arlington Trust Co LLC now owns 6,268 shares of the exchange traded fund’s stock worth $778,000 after buying an additional 5,456 shares in the last quarter. Brookstone Capital Management acquired a new position in iShares Russell 1000 Growth ETF in the third quarter worth approximately $6,233,000. Farmers & Merchants Investments Inc. bought a new position in shares of iShares Russell 1000 Growth ETF in the third quarter valued at $771,000. Capital Investment Advisors LLC bought a new position in shares of iShares Russell 1000 Growth ETF in the third quarter valued at $4,986,000. Finally, Brookmont Capital Management bought a new position in shares of iShares Russell 1000 Growth ETF in the third quarter valued at $779,000. 75.33% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell 1000 Growth ETF Stock Performance

Shares of NYSEARCA:IWF opened at $111.75 on Friday. iShares Russell 1000 Growth ETF has a one year low of $102.23 and a one year high of $129.80. The stock has a fifty day moving average of $122.87 and a 200-day moving average of $119.38. The company has a market capitalization of $114.24 billion, a PE ratio of 33.43 and a beta of 1.17.

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.