Maloon Powers Pitre Higgins & Dennehy LLC Invests $10.74 Million in iShares Russell 1000 Growth ETF $IWF

Maloon Powers Pitre Higgins & Dennehy LLC purchased a new stake in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 86,473 shares of the exchange traded fund’s stock, valued at approximately $10,737,000. iShares Russell 1000 Growth ETF makes up 3.7% of Maloon Powers Pitre Higgins & Dennehy LLC’s holdings, making the stock its 5th largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bank of America Corp DE raised its holdings in iShares Russell 1000 Growth ETF by 1.6% in the 4th quarter. Bank of America Corp DE now owns 28,021,788 shares of the exchange traded fund’s stock valued at $13,262,712,000 after acquiring an additional 443,914 shares in the last quarter. Morgan Stanley grew its holdings in shares of iShares Russell 1000 Growth ETF by 2.2% during the 4th quarter. Morgan Stanley now owns 27,636,174 shares of the exchange traded fund’s stock worth $13,080,203,000 after purchasing an additional 587,889 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of iShares Russell 1000 Growth ETF by 1.0% in the fourth quarter. JPMorgan Chase & Co. now owns 7,496,501 shares of the exchange traded fund’s stock worth $3,548,095,000 after purchasing an additional 70,843 shares during the period. Northern Trust Corp increased its position in shares of iShares Russell 1000 Growth ETF by 1.9% in the fourth quarter. Northern Trust Corp now owns 5,560,417 shares of the exchange traded fund’s stock worth $2,631,745,000 after purchasing an additional 101,545 shares during the period. Finally, LPL Financial LLC raised its stake in iShares Russell 1000 Growth ETF by 1.7% in the fourth quarter. LPL Financial LLC now owns 3,755,659 shares of the exchange traded fund’s stock valued at $1,777,554,000 after purchasing an additional 63,975 shares in the last quarter. 75.33% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell 1000 Growth ETF Stock Down 0.0%

IWF opened at $123.41 on Friday. iShares Russell 1000 Growth ETF has a twelve month low of $102.23 and a twelve month high of $129.14. The company has a 50-day simple moving average of $121.89 and a 200 day simple moving average of $118.73. The stock has a market capitalization of $126.45 billion, a price-to-earnings 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.