Grove Bank & Trust boosted its position in iShares Russell 1000 Growth ETF (NYSEARCA:IWF – Free Report) by 303.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 135,074 shares of the exchange traded fund’s stock after purchasing an additional 101,616 shares during the quarter. iShares Russell 1000 Growth ETF comprises approximately 1.7% of Grove Bank & Trust’s investment portfolio, making the stock its 11th largest position. Grove Bank & Trust’s holdings in iShares Russell 1000 Growth ETF were worth $16,772,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the company. Principal Securities Inc. boosted its stake in iShares Russell 1000 Growth ETF by 0.4% during the 4th quarter. Principal Securities Inc. now owns 5,159 shares of the exchange traded fund’s stock worth $2,442,000 after purchasing an additional 22 shares during the last quarter. Marks Group Wealth Management Inc raised its position in shares of iShares Russell 1000 Growth ETF by 2.1% in the fourth quarter. Marks Group Wealth Management Inc now owns 1,123 shares of the exchange traded fund’s stock valued at $532,000 after buying an additional 23 shares during the last quarter. Blankinship & Foster LLC raised its position in shares of iShares Russell 1000 Growth ETF by 0.4% in the first quarter. Blankinship & Foster LLC now owns 5,589 shares of the exchange traded fund’s stock valued at $2,383,000 after buying an additional 24 shares during the last quarter. Rossby Financial LCC raised its position in shares of iShares Russell 1000 Growth ETF by 3.7% in the fourth quarter. Rossby Financial LCC now owns 674 shares of the exchange traded fund’s stock valued at $319,000 after buying an additional 24 shares during the last quarter. Finally, Cambridge Advisors Inc. lifted its stake in shares of iShares Russell 1000 Growth ETF by 0.4% in the first quarter. Cambridge Advisors Inc. now owns 6,509 shares of the exchange traded fund’s stock worth $2,775,000 after buying an additional 25 shares in the last quarter. 75.33% of the stock is owned by institutional investors and hedge funds.
iShares Russell 1000 Growth ETF Trading Up 2.8%
IWF opened at $124.30 on Wednesday. The firm has a market capitalization of $127.36 billion, a PE ratio of 33.43 and a beta of 1.17. iShares Russell 1000 Growth ETF has a twelve month low of $102.23 and a twelve month high of $129.14. The firm’s 50-day moving average price is $121.92 and its 200 day moving average price is $117.53.
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.
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