Jennison Associates LLC Cuts Stake in iShares Russell 1000 Growth ETF $IWF

Jennison Associates LLC reduced its position in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 5.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 87,739 shares of the exchange traded fund’s stock after selling 5,261 shares during the quarter. Jennison Associates LLC’s holdings in iShares Russell 1000 Growth ETF were worth $37,412,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Godsey & Gibb Inc. purchased a new position in iShares Russell 1000 Growth ETF in the 4th quarter worth approximately $27,000. Concord Wealth Partners boosted its stake in iShares Russell 1000 Growth ETF by 210.0% during the 4th quarter. Concord Wealth Partners now owns 62 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 42 shares during the last quarter. Reyes Financial Architecture Inc. purchased a new stake in iShares Russell 1000 Growth ETF during the 4th quarter valued at $30,000. MBM Wealth Consultants LLC bought a new stake in shares of iShares Russell 1000 Growth ETF in the 1st quarter worth $28,000. Finally, Networth Advisors LLC bought a new stake in shares of iShares Russell 1000 Growth ETF in the 4th quarter worth $32,000. 75.33% of the stock is owned by hedge funds and other institutional investors.

iShares Russell 1000 Growth ETF Price Performance

Shares of NYSEARCA:IWF opened at $119.47 on Tuesday. The company has a market cap of $123.28 billion, a P/E ratio of 33.43 and a beta of 1.16. iShares Russell 1000 Growth ETF has a 1 year low of $102.23 and a 1 year high of $129.14. The stock’s fifty day moving average price is $123.19 and its 200-day moving average price is $117.51.

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.