Envestnet Asset Management Inc. Lowers Stock Position in iShares Russell 1000 Growth ETF $IWF

Envestnet Asset Management Inc. cut its holdings in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 2.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,171,141 shares of the exchange traded fund’s stock after selling 114,249 shares during the quarter. iShares Russell 1000 Growth ETF accounts for 0.7% of Envestnet Asset Management Inc.’s portfolio, making the stock its 22nd biggest holding. Envestnet Asset Management Inc.’s holdings in iShares Russell 1000 Growth ETF were worth $2,422,214,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in IWF. JPMorgan Chase & Co. boosted its stake in shares of iShares Russell 1000 Growth ETF by 6.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,216,343 shares of the exchange traded fund’s stock worth $3,063,916,000 after acquiring an additional 411,172 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of iShares Russell 1000 Growth ETF by 0.4% in the second quarter. PNC Financial Services Group Inc. now owns 3,112,830 shares of the exchange traded fund’s stock worth $1,321,645,000 after acquiring an additional 13,758 shares during the last quarter. Baird Financial Group Inc. raised its stake in iShares Russell 1000 Growth ETF by 15.8% in the 2nd quarter. Baird Financial Group Inc. now owns 2,729,778 shares of the exchange traded fund’s stock valued at $1,159,009,000 after purchasing an additional 372,064 shares during the last quarter. M&T Bank Corp raised its position in shares of iShares Russell 1000 Growth ETF by 1.1% in the second quarter. M&T Bank Corp now owns 2,560,776 shares of the exchange traded fund’s stock valued at $1,087,303,000 after buying an additional 27,927 shares during the last quarter. Finally, Laurel Wealth Advisors LLC raised its holdings in iShares Russell 1000 Growth ETF by 42,358.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,704,689 shares of the exchange traded fund’s stock valued at $723,777,000 after acquiring an additional 1,700,674 shares during the last quarter. Hedge funds and other institutional investors own 75.33% of the company’s stock.

iShares Russell 1000 Growth ETF Trading Down 1.8%

NYSEARCA IWF opened at $459.18 on Wednesday. The company has a market capitalization of $118.56 billion, a PE ratio of 33.43 and a beta of 1.13. iShares Russell 1000 Growth ETF has a twelve month low of $308.67 and a twelve month high of $493.00. The business’s 50-day moving average price is $473.10 and its 200 day moving average price is $464.47.

iShares Russell 1000 Growth ETF 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.