Pinnacle Associates Ltd. Cuts Holdings in iShares Russell 1000 Growth ETF $IWF

Pinnacle Associates Ltd. trimmed its holdings in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 6.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,207 shares of the exchange traded fund’s stock after selling 1,056 shares during the quarter. Pinnacle Associates Ltd.’s holdings in iShares Russell 1000 Growth ETF were worth $6,881,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. ACT Wealth Management LLC increased its holdings in iShares Russell 1000 Growth ETF by 3.0% during the second quarter. ACT Wealth Management LLC now owns 820 shares of the exchange traded fund’s stock valued at $348,000 after buying an additional 24 shares during the period. HighMark Wealth Management LLC increased its holdings in iShares Russell 1000 Growth ETF by 60.5% during the second quarter. HighMark Wealth Management LLC now owns 69 shares of the exchange traded fund’s stock valued at $29,000 after buying an additional 26 shares during the period. Signature Estate & Investment Advisors LLC grew its holdings in iShares Russell 1000 Growth ETF by 1.5% in the second quarter. Signature Estate & Investment Advisors LLC now owns 1,842 shares of the exchange traded fund’s stock worth $782,000 after purchasing an additional 27 shares during the last quarter. Madison Wealth Partners Inc grew its holdings in iShares Russell 1000 Growth ETF by 2.4% in the second quarter. Madison Wealth Partners Inc now owns 1,184 shares of the exchange traded fund’s stock worth $503,000 after purchasing an additional 28 shares during the last quarter. Finally, Midwest Professional Planners LTD. grew its holdings in iShares Russell 1000 Growth ETF by 0.4% in the first quarter. Midwest Professional Planners LTD. now owns 6,809 shares of the exchange traded fund’s stock worth $2,458,000 after purchasing an additional 30 shares during the last quarter. 75.33% of the stock is owned by hedge funds and other institutional investors.

iShares Russell 1000 Growth ETF Trading Up 0.3%

NYSEARCA IWF opened at $485.58 on Friday. The firm’s fifty day simple moving average is $464.75 and its two-hundred day simple moving average is $428.28. iShares Russell 1000 Growth ETF has a 12-month low of $308.67 and a 12-month high of $493.00. The firm has a market capitalization of $125.74 billion, a P/E ratio of 33.43 and a beta of 1.13.

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.