Telos Capital Management Inc. purchased a new position in iShares Russell 1000 Growth ETF (NYSEARCA:IWF – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,160 shares of the exchange traded fund’s stock, valued at approximately $897,000.
Several other hedge funds also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. raised its stake in shares of iShares Russell 1000 Growth ETF by 291.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 20,963,458 shares of the exchange traded fund’s stock valued at $2,603,007,000 after purchasing an additional 15,614,625 shares in the last quarter. Baird Financial Group Inc. lifted its position in shares of iShares Russell 1000 Growth ETF by 312.9% during the second quarter. Baird Financial Group Inc. now owns 11,588,776 shares of the exchange traded fund’s stock worth $1,438,978,000 after purchasing an additional 8,781,777 shares during the last quarter. Signaturefd LLC acquired a new position in iShares Russell 1000 Growth ETF in the third quarter worth about $924,594,000. Commonwealth Equity Services LLC acquired a new position in iShares Russell 1000 Growth ETF in the third quarter worth about $780,796,000. Finally, Choreo LLC grew its stake in iShares Russell 1000 Growth ETF by 2.7% in the third quarter. Choreo LLC now owns 2,601,713 shares of the exchange traded fund’s stock worth $325,891,000 after purchasing an additional 67,390 shares in the last quarter. 75.33% of the stock is owned by institutional investors and hedge funds.
iShares Russell 1000 Growth ETF Stock Down 6.4%
Shares of iShares Russell 1000 Growth ETF stock opened at $110.36 on Friday. The firm has a market cap of $112.89 billion, a P/E ratio of 33.43 and a beta of 1.17. iShares Russell 1000 Growth ETF has a fifty-two week low of $102.23 and a fifty-two week high of $129.80. The business has a 50-day moving average price of $123.11 and a 200 day moving average price of $119.39.
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.
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