46,849 Shares in iShares Russell 1000 Growth ETF $IWF Purchased by Adirondack Trust Co.

Adirondack Trust Co. bought a new position in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 46,849 shares of the exchange traded fund’s stock, valued at approximately $5,868,000. iShares Russell 1000 Growth ETF accounts for approximately 2.0% of Adirondack Trust Co.’s investment portfolio, making the stock its 9th largest holding.

Several other hedge funds have also added to or reduced their stakes in IWF. Navigate Wealth Management LLC increased its position in iShares Russell 1000 Growth ETF by 48.0% during the 3rd quarter. Navigate Wealth Management LLC now owns 4,220 shares of the exchange traded fund’s stock worth $540,000 after buying an additional 1,368 shares during the period. First Citizens Bank & Trust Co. bought a new stake in shares of iShares Russell 1000 Growth ETF in the third quarter valued at about $34,208,000. Wetzel Investment Advisors Inc. boosted its position in shares of iShares Russell 1000 Growth ETF by 1.0% in the third quarter. Wetzel Investment Advisors Inc. now owns 185,730 shares of the exchange traded fund’s stock valued at $23,265,000 after acquiring an additional 1,801 shares during the period. Forte Asset Management LLC bought a new stake in shares of iShares Russell 1000 Growth ETF in the third quarter valued at about $3,296,000. Finally, Stonehearth Capital Management LLC acquired a new position in shares of iShares Russell 1000 Growth ETF in the third quarter valued at about $1,030,000. 75.33% of the stock is owned by institutional investors and hedge funds.

iShares Russell 1000 Growth ETF Stock Performance

Shares of IWF stock traded down $2.46 on Wednesday, hitting $124.66. The company’s stock had a trading volume of 1,516,917 shares, compared to its average volume of 7,483,257. iShares Russell 1000 Growth ETF has a fifty-two week low of $102.23 and a fifty-two week high of $129.80. The company has a market capitalization of $127.23 billion, a PE ratio of 33.43 and a beta of 1.16. The stock’s 50 day moving average is $124.18 and its 200-day moving average is $121.35.

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.