PNC Financial Services Group Inc. Has $1.45 Billion Stock Position in iShares Russell 1000 Growth ETF $IWF

PNC Financial Services Group Inc. lessened its stake in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 1.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,064,892 shares of the exchange traded fund’s stock after selling 45,598 shares during the quarter. iShares Russell 1000 Growth ETF comprises 0.8% of PNC Financial Services Group Inc.’s investment portfolio, making the stock its 13th biggest position. PNC Financial Services Group Inc. owned 1.19% of iShares Russell 1000 Growth ETF worth $1,450,613,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of iShares Russell 1000 Growth ETF by 2.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,425,658 shares of the exchange traded fund’s stock valued at $3,478,253,000 after buying an additional 209,315 shares in the last quarter. Northern Trust Corp increased its stake in iShares Russell 1000 Growth ETF by 8.1% in the third quarter. Northern Trust Corp now owns 5,458,872 shares of the exchange traded fund’s stock valued at $2,556,990,000 after acquiring an additional 409,416 shares during the last quarter. Focus Partners Wealth increased its stake in iShares Russell 1000 Growth ETF by 75.0% in the third quarter. Focus Partners Wealth now owns 1,324,870 shares of the exchange traded fund’s stock valued at $620,714,000 after acquiring an additional 568,001 shares during the last quarter. HighTower Advisors LLC raised its position in iShares Russell 1000 Growth ETF by 10.3% during the third 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 in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in iShares Russell 1000 Growth ETF by 1.0% during the third quarter. Bank of New York Mellon Corp now owns 1,225,855 shares of the exchange traded fund’s stock worth $574,203,000 after purchasing an additional 12,342 shares during the last quarter. Institutional investors own 75.33% of the company’s stock.

iShares Russell 1000 Growth ETF Price Performance

NYSEARCA IWF opened at $123.07 on Wednesday. The business has a fifty day moving average price of $114.62 and a two-hundred day moving average price of $116.14. The stock has a market capitalization of $128.53 billion, a PE ratio of 33.43 and a beta of 1.16. iShares Russell 1000 Growth ETF has a fifty-two week low of $97.07 and a fifty-two week high of $126.04.

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.