Hackensack Meridian Health Inc. Makes New Investment in iShares Russell 1000 Growth ETF $IWF

Hackensack Meridian Health Inc. bought a new position in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 337,000 shares of the exchange traded fund’s stock, valued at approximately $159,502,000. iShares Russell 1000 Growth ETF accounts for approximately 14.5% of Hackensack Meridian Health Inc.’s investment portfolio, making the stock its 3rd largest holding. Hackensack Meridian Health Inc. owned 0.13% of iShares Russell 1000 Growth ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. JPMorgan Chase & Co. raised its holdings in shares of iShares Russell 1000 Growth ETF by 2.9% during the third quarter. JPMorgan Chase & Co. now owns 7,425,658 shares of the exchange traded fund’s stock worth $3,478,253,000 after purchasing an additional 209,315 shares during the period. Northern Trust Corp grew its position in shares of iShares Russell 1000 Growth ETF by 8.1% during the third quarter. Northern Trust Corp now owns 5,458,872 shares of the exchange traded fund’s stock worth $2,556,990,000 after acquiring an additional 409,416 shares during the last quarter. Focus Partners Wealth lifted its position in iShares Russell 1000 Growth ETF by 75.0% in the 3rd quarter. Focus Partners Wealth now owns 1,324,870 shares of the exchange traded fund’s stock valued at $620,714,000 after purchasing an additional 568,001 shares during the last quarter. HighTower Advisors LLC boosted its stake in iShares Russell 1000 Growth ETF by 10.3% during the 3rd quarter. HighTower Advisors LLC now owns 1,290,494 shares of the exchange traded fund’s stock valued at $604,498,000 after purchasing an additional 120,069 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in iShares Russell 1000 Growth ETF by 4.4% during the 4th quarter. Bank of New York Mellon Corp now owns 1,279,768 shares of the exchange traded fund’s stock valued at $605,714,000 after purchasing an additional 53,913 shares during the period. 75.33% of the stock is owned by institutional investors and hedge funds.

iShares Russell 1000 Growth ETF Stock Down 1.3%

iShares Russell 1000 Growth ETF stock opened at $126.63 on Thursday. The firm has a 50-day moving average price of $118.12 and a two-hundred day moving average price of $116.64. The firm has a market capitalization of $132.25 billion, a price-to-earnings ratio of 33.43 and a beta of 1.16. iShares Russell 1000 Growth ETF has a 52-week low of $100.46 and a 52-week high of $129.14.

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.