Sterling Investment Counsel LLC Makes New $2.51 Million Investment in iShares Russell 1000 Growth ETF $IWF

Sterling Investment Counsel LLC bought a new position in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,363 shares of the exchange traded fund’s stock, valued at approximately $2,512,000. iShares Russell 1000 Growth ETF makes up about 0.8% of Sterling Investment Counsel LLC’s holdings, making the stock its 23rd biggest holding.

A number of other hedge funds have also modified their holdings of IWF. Endowment Wealth Management Inc. acquired a new position in iShares Russell 1000 Growth ETF during the second quarter worth $210,000. Partnership Wealth Management LLC increased its stake in shares of iShares Russell 1000 Growth ETF by 5.4% in the 2nd quarter. Partnership Wealth Management LLC now owns 18,058 shares of the exchange traded fund’s stock worth $7,667,000 after acquiring an additional 922 shares during the last quarter. Advyzon Investment Management LLC purchased a new position in shares of iShares Russell 1000 Growth ETF during the 2nd quarter worth $615,000. Permanent Capital Management LP purchased a new position in shares of iShares Russell 1000 Growth ETF during the 3rd quarter worth $4,100,000. Finally, CWM LLC boosted its position in shares of iShares Russell 1000 Growth ETF by 6.0% during the 2nd quarter. CWM LLC now owns 83,867 shares of the exchange traded fund’s stock valued at $35,608,000 after acquiring an additional 4,735 shares during the last quarter. 75.33% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell 1000 Growth ETF Trading Down 0.8%

Shares of IWF opened at $473.30 on Friday. iShares Russell 1000 Growth ETF has a 12-month low of $308.67 and a 12-month high of $493.00. The firm has a market capitalization of $122.89 billion, a P/E ratio of 33.43 and a beta of 1.13. The firm has a 50-day moving average price of $475.34 and a 200 day moving average price of $456.01.

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.