282,104 Shares of iShares Russell 1000 Growth ETF $IWF Purchased by Montecito Bank & Trust

Montecito Bank & Trust purchased a new stake in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 282,104 shares of the exchange traded fund’s stock, valued at approximately $35,336,000. iShares Russell 1000 Growth ETF comprises about 5.4% of Montecito Bank & Trust’s investment portfolio, making the stock its 2nd largest holding.

A number of other hedge funds have also recently bought and sold shares of the stock. Coastline Trust Co bought a new position in iShares Russell 1000 Growth ETF during the third quarter worth about $791,000. QRG Capital Management Inc. increased its position in iShares Russell 1000 Growth ETF by 364.5% during the second quarter. QRG Capital Management Inc. now owns 32,001 shares of the exchange traded fund’s stock worth $3,974,000 after buying an additional 25,111 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in iShares Russell 1000 Growth ETF by 320.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 253,464 shares of the exchange traded fund’s stock valued at $31,473,000 after buying an additional 193,200 shares during the period. Envestnet Asset Management Inc. raised its stake in iShares Russell 1000 Growth ETF by 291.9% in the second 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 buying an additional 15,614,625 shares during the period. Finally, Silicon Valley Capital Partners lifted its position in shares of iShares Russell 1000 Growth ETF by 300.4% in the second quarter. Silicon Valley Capital Partners now owns 12,084 shares of the exchange traded fund’s stock valued at $1,500,000 after buying an additional 9,066 shares during the last quarter. 75.33% of the stock is currently owned by institutional investors.

iShares Russell 1000 Growth ETF Stock Up 0.4%

Shares of NYSEARCA IWF traded up $0.47 during midday trading on Thursday, hitting $125.73. 3,441,729 shares of the company’s stock were exchanged, compared to its average volume of 7,634,346. iShares Russell 1000 Growth ETF has a 12 month low of $102.23 and a 12 month high of $129.14. The company’s 50 day moving average price is $122.51 and its 200 day moving average price is $120.16. The firm has a market capitalization of $128.24 billion, a PE ratio of 33.43 and a beta of 1.17.

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.