iShares Russell 1000 Growth ETF $IWF Position Cut by Cardinal Strategic Wealth Guidance

Cardinal Strategic Wealth Guidance trimmed its holdings in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 13.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,304 shares of the exchange traded fund’s stock after selling 194 shares during the quarter. Cardinal Strategic Wealth Guidance’s holdings in iShares Russell 1000 Growth ETF were worth $554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in IWF. Kingstone Capital Partners Texas LLC grew its holdings in iShares Russell 1000 Growth ETF by 722,329.3% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 17,851,227 shares of the exchange traded fund’s stock worth $7,579,274,000 after buying an additional 17,848,756 shares in the last quarter. Nuveen LLC bought a new position in iShares Russell 1000 Growth ETF during the 1st quarter valued at $424,812,000. Wellington Management Group LLP boosted its stake in iShares Russell 1000 Growth ETF by 311.4% during the 1st quarter. Wellington Management Group LLP now owns 1,285,798 shares of the exchange traded fund’s stock valued at $464,289,000 after purchasing an additional 973,250 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in iShares Russell 1000 Growth ETF by 36,009.0% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 494,693 shares of the exchange traded fund’s stock valued at $178,629,000 after purchasing an additional 493,323 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in iShares Russell 1000 Growth ETF by 4.3% during the 1st quarter. Northern Trust Corp now owns 5,109,809 shares of the exchange traded fund’s stock valued at $1,845,101,000 after purchasing an additional 208,598 shares in the last quarter. 75.33% of the stock is owned by institutional investors.

iShares Russell 1000 Growth ETF Stock Performance

Shares of NYSEARCA IWF opened at $469.94 on Friday. The stock has a fifty day moving average price of $452.30 and a two-hundred day moving average price of $411.37. The firm has a market cap of $122.47 billion, a P/E ratio of 33.43 and a beta of 1.08. iShares Russell 1000 Growth ETF has a 1 year low of $308.67 and a 1 year high of $473.82.

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.