iShares Russell 1000 Growth ETF $IWF Stock: Cresta Advisors Ltd. Cuts Position

Cresta Advisors Ltd. lessened its holdings in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 31.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 58,477 shares of the exchange traded fund’s stock after selling 27,104 shares during the quarter. iShares Russell 1000 Growth ETF comprises approximately 3.6% of Cresta Advisors Ltd.’s investment portfolio, making the stock its 9th largest holding. Cresta Advisors Ltd.’s holdings in iShares Russell 1000 Growth ETF were worth $7,325,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. increased its position in shares of iShares Russell 1000 Growth ETF by 291.9% during the second quarter. Envestnet Asset Management Inc. now owns 20,963,458 shares of the exchange traded fund’s stock worth $2,603,007,000 after acquiring an additional 15,614,625 shares during the period. Baird Financial Group Inc. grew its stake in iShares Russell 1000 Growth ETF by 312.9% during the 2nd quarter. Baird Financial Group Inc. now owns 11,588,776 shares of the exchange traded fund’s stock worth $1,438,978,000 after purchasing an additional 8,781,777 shares in the last quarter. Royal Bank of Canada increased its holdings in iShares Russell 1000 Growth ETF by 16.2% during the 4th quarter. Royal Bank of Canada now owns 2,024,447 shares of the exchange traded fund’s stock worth $958,170,000 after purchasing an additional 282,106 shares during the period. Cetera Investment Advisers increased its holdings in iShares Russell 1000 Growth ETF by 0.4% during the 1st quarter. Cetera Investment Advisers now owns 1,569,465 shares of the exchange traded fund’s stock worth $669,220,000 after purchasing an additional 6,404 shares during the period. Finally, Rockefeller Capital Management L.P. raised its position in iShares Russell 1000 Growth ETF by 20.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,073,714 shares of the exchange traded fund’s stock valued at $508,189,000 after purchasing an additional 184,738 shares in the last quarter. Institutional investors and hedge funds own 75.33% of the company’s stock.

iShares Russell 1000 Growth ETF Stock Performance

Shares of IWF opened at $127.12 on Wednesday. The stock has a 50-day simple moving average of $124.18 and a 200-day simple moving average of $121.35. The stock has a market capitalization of $129.74 billion, a PE 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 $129.80.

iShares Russell 1000 Growth ETF Company 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.