Principal Financial Group Inc. Reduces Holdings in iShares Russell 1000 Growth ETF $IWF

Principal Financial Group Inc. trimmed its position in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 8.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 95,355 shares of the exchange traded fund’s stock after selling 8,474 shares during the quarter. Principal Financial Group Inc.’s holdings in iShares Russell 1000 Growth ETF were worth $45,135,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Godsey & Gibb Inc. acquired a new position in iShares Russell 1000 Growth ETF during the fourth quarter worth $27,000. Concord Wealth Partners boosted its stake in iShares Russell 1000 Growth ETF by 210.0% during the fourth quarter. Concord Wealth Partners now owns 62 shares of the exchange traded fund’s stock worth $29,000 after buying an additional 42 shares during the last quarter. Reyes Financial Architecture Inc. acquired a new position in iShares Russell 1000 Growth ETF during the fourth quarter worth $30,000. Networth Advisors LLC acquired a new position in iShares Russell 1000 Growth ETF during the fourth quarter worth $32,000. Finally, Holos Integrated Wealth LLC acquired a new position in iShares Russell 1000 Growth ETF during the fourth quarter worth $35,000. 75.33% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell 1000 Growth ETF Stock Performance

NYSEARCA IWF opened at $123.54 on Friday. The stock’s fifty day moving average is $112.86 and its two-hundred day moving average is $115.90. The firm has a market capitalization of $129.03 billion, a P/E ratio of 33.43 and a beta of 1.16. iShares Russell 1000 Growth ETF has a fifty-two week low of $93.39 and a fifty-two week high of $123.78.

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.