Bank of New York Mellon Corp Raises Position in iShares Russell 1000 Growth ETF $IWF

Bank of New York Mellon Corp boosted its stake in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 4.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,279,768 shares of the exchange traded fund’s stock after buying an additional 53,913 shares during the quarter. Bank of New York Mellon Corp’s holdings in iShares Russell 1000 Growth ETF were worth $605,714,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IWF. KCM Investment Advisors LLC lifted its stake in iShares Russell 1000 Growth ETF by 0.5% in the 3rd quarter. KCM Investment Advisors LLC now owns 4,104 shares of the exchange traded fund’s stock worth $1,922,000 after purchasing an additional 22 shares in the last quarter. Jamison Private Wealth Management Inc. lifted its stake in iShares Russell 1000 Growth ETF by 1.1% in the 4th quarter. Jamison Private Wealth Management Inc. now owns 2,078 shares of the exchange traded fund’s stock worth $983,000 after purchasing an additional 23 shares in the last quarter. HTG Investment Advisors Inc. lifted its stake in iShares Russell 1000 Growth ETF by 0.6% in the 3rd quarter. HTG Investment Advisors Inc. now owns 4,110 shares of the exchange traded fund’s stock worth $1,925,000 after purchasing an additional 24 shares in the last quarter. Romano Brothers AND Company lifted its stake in iShares Russell 1000 Growth ETF by 2.2% in the 4th quarter. Romano Brothers AND Company now owns 1,148 shares of the exchange traded fund’s stock worth $543,000 after purchasing an additional 25 shares in the last quarter. Finally, Prosperity Wealth Management Inc. lifted its stake in iShares Russell 1000 Growth ETF by 1.0% in the 3rd quarter. Prosperity Wealth Management Inc. now owns 2,485 shares of the exchange traded fund’s stock worth $1,164,000 after purchasing an additional 25 shares in the last quarter. 75.33% of the stock is owned by hedge funds and other institutional investors.

iShares Russell 1000 Growth ETF Price Performance

IWF opened at $126.63 on Thursday. The company’s 50 day simple moving average is $118.12 and its two-hundred day simple moving average is $116.64. iShares Russell 1000 Growth ETF has a 1-year low of $100.46 and a 1-year high of $129.14. The firm has a market capitalization of $132.25 billion, a price-to-earnings ratio of 33.43 and a beta of 1.16.

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.