Royal Bank of Canada Sells 158,304 Shares of iShares Russell 1000 Growth ETF $IWF

Royal Bank of Canada lessened its stake in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 7.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,866,143 shares of the exchange traded fund’s stock after selling 158,304 shares during the period. Royal Bank of Canada owned approximately 0.18% of iShares Russell 1000 Growth ETF worth $795,724,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Godsey & Gibb Inc. bought a new stake in iShares Russell 1000 Growth ETF in the 4th quarter worth approximately $27,000. MBM Wealth Consultants LLC bought a new position in iShares Russell 1000 Growth ETF during the first quarter valued at approximately $28,000. Concord Wealth Partners raised its stake in shares of iShares Russell 1000 Growth ETF by 210.0% during the fourth 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 worth $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 in the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 75.33% of the company’s stock.

iShares Russell 1000 Growth ETF Trading Down 0.6%

Shares of NYSEARCA:IWF opened at $116.48 on Wednesday. The stock has a market capitalization of $119.26 billion, a P/E ratio of 33.43 and a beta of 1.16. The stock’s 50-day moving average price is $122.53 and its 200-day moving average price is $117.52. iShares Russell 1000 Growth ETF has a 12-month low of $102.23 and a 12-month high of $129.14.

iShares Russell 1000 Growth ETF 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.