Hsbc Holdings PLC Has $94.22 Million Position in iShares Russell 1000 Growth ETF $IWF

Hsbc Holdings PLC increased its stake in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 6.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 220,957 shares of the exchange traded fund’s stock after acquiring an additional 13,677 shares during the period. Hsbc Holdings PLC’s holdings in iShares Russell 1000 Growth ETF were worth $94,216,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of IWF. Godsey & Gibb Inc. acquired a new stake in shares of iShares Russell 1000 Growth ETF in the 4th quarter valued at $27,000. MBM Wealth Consultants LLC acquired a new position in shares of iShares Russell 1000 Growth ETF during the first quarter valued at $28,000. Concord Wealth Partners lifted its stake in shares of 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 valued at $29,000 after acquiring an additional 42 shares during the period. Richards Merrill & Peterson Inc. boosted its holdings in iShares Russell 1000 Growth ETF by 76.9% in the first quarter. Richards Merrill & Peterson Inc. now owns 69 shares of the exchange traded fund’s stock valued at $29,000 after acquiring an additional 30 shares during the last quarter. Finally, Reyes Financial Architecture Inc. bought a new position in iShares Russell 1000 Growth ETF in the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 75.33% of the company’s stock.

iShares Russell 1000 Growth ETF Price Performance

Shares of IWF stock opened at $119.38 on Monday. The stock has a 50-day moving average price of $123.27 and a 200 day moving average price of $117.51. The firm has a market cap of $123.18 billion, a price-to-earnings ratio of 33.43 and a beta of 1.16. iShares Russell 1000 Growth ETF has a 12 month low of $102.23 and a 12 month high of $129.14.

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.