Renasant Bank purchased a new stake in iShares Russell 1000 Growth ETF (NYSEARCA:IWF – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,454 shares of the exchange traded fund’s stock, valued at approximately $558,000.
A number of other large investors have also added to or reduced their stakes in IWF. Philadelphia Trust Co. bought a new stake in shares of iShares Russell 1000 Growth ETF during the 3rd quarter worth about $309,000. Confluence Wealth Services Inc. grew its stake in iShares Russell 1000 Growth ETF by 17.6% in the 3rd quarter. Confluence Wealth Services Inc. now owns 1,782,056 shares of the exchange traded fund’s stock valued at $223,220,000 after buying an additional 266,824 shares during the last quarter. AMG National Trust Bank acquired a new position in iShares Russell 1000 Growth ETF in the 3rd quarter valued at about $62,969,000. Mesirow Financial Investment Management Inc. acquired a new position in iShares Russell 1000 Growth ETF in the 3rd quarter valued at about $89,131,000. Finally, Lido Advisors LLC bought a new position in iShares Russell 1000 Growth ETF in the 3rd quarter valued at about $162,385,000. Institutional investors own 75.33% of the company’s stock.
iShares Russell 1000 Growth ETF Stock Down 0.9%
Shares of IWF stock opened at $114.02 on Wednesday. The firm has a 50 day moving average price of $122.54 and a two-hundred day moving average price of $119.36. The company has a market capitalization of $116.68 billion, a PE ratio of 33.43 and a beta of 1.17. iShares Russell 1000 Growth ETF has a 12-month low of $102.23 and a 12-month high of $129.80.
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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