Heffernan Advisory Inc. Buys New Position in iShares Russell 1000 Growth ETF $IWF

Heffernan Advisory Inc. bought a new position in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 4,000 shares of the exchange traded fund’s stock, valued at approximately $501,000. iShares Russell 1000 Growth ETF accounts for approximately 0.3% of Heffernan Advisory Inc.’s holdings, making the stock its 25th biggest position.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in IWF. Envestnet Asset Management Inc. raised its position in shares of iShares Russell 1000 Growth ETF by 291.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 20,963,458 shares of the exchange traded fund’s stock worth $2,603,007,000 after purchasing an additional 15,614,625 shares during the last quarter. Baird Financial Group Inc. grew its position in shares of iShares Russell 1000 Growth ETF by 312.9% in the second quarter. Baird Financial Group Inc. now owns 11,588,776 shares of the exchange traded fund’s stock valued at $1,438,978,000 after purchasing an additional 8,781,777 shares in the last quarter. Stairway Partners LLC acquired a new stake in shares of iShares Russell 1000 Growth ETF in the 3rd quarter worth $198,042,000. Waverly Advisors LLC increased its position in iShares Russell 1000 Growth ETF by 585.1% during the second quarter. Waverly Advisors LLC now owns 1,393,291 shares of the exchange traded fund’s stock worth $173,005,000 after purchasing an additional 1,189,910 shares during the last quarter. Finally, 71 West Capital Partners purchased a new stake in shares of iShares Russell 1000 Growth ETF during the 4th quarter valued at approximately $385,150,000. Hedge funds and other institutional investors own 75.33% of the company’s stock.

iShares Russell 1000 Growth ETF Stock Performance

Shares of NYSEARCA IWF traded down $0.41 during mid-day trading on Tuesday, reaching $126.72. 1,305,867 shares of the company’s stock were exchanged, compared to its average volume of 7,478,936. The firm has a market capitalization of $129.33 billion, a price-to-earnings ratio of 33.43 and a beta of 1.16. The company’s 50-day moving average is $124.12 and its 200-day moving average is $121.21. iShares Russell 1000 Growth ETF has a 52-week low of $102.23 and a 52-week high of $129.80.

iShares Russell 1000 Growth ETF Company 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.