Cullinan Associates Inc. Makes New $3.44 Million Investment in iShares Russell 1000 Growth ETF $IWF

Cullinan Associates Inc. bought a new position in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 27,460 shares of the exchange traded fund’s stock, valued at approximately $3,440,000.

A number of other hedge funds also recently added to or reduced their stakes in IWF. Envestnet Asset Management Inc. boosted its holdings in shares of iShares Russell 1000 Growth ETF by 291.9% during the second quarter. Envestnet Asset Management Inc. now owns 20,963,458 shares of the exchange traded fund’s stock valued at $2,603,007,000 after acquiring an additional 15,614,625 shares during the period. Baird Financial Group Inc. grew its position in shares of iShares Russell 1000 Growth ETF by 312.9% during the second quarter. Baird Financial Group Inc. now owns 11,588,776 shares of the exchange traded fund’s stock worth $1,438,978,000 after acquiring an additional 8,781,777 shares during the last quarter. Signaturefd LLC bought a new position in shares of iShares Russell 1000 Growth ETF during the third quarter worth about $924,594,000. Commonwealth Equity Services LLC acquired a new stake in shares of iShares Russell 1000 Growth ETF in the 3rd quarter worth about $780,796,000. Finally, Waldron Private Wealth LLC acquired a new stake in shares of iShares Russell 1000 Growth ETF in the 3rd quarter worth about $268,672,000. 75.33% of the stock is currently owned by institutional investors.

iShares Russell 1000 Growth ETF Stock Up 1.3%

IWF stock opened at $111.75 on Friday. The stock has a market cap of $114.24 billion, a PE ratio of 33.43 and a beta of 1.17. The firm’s 50-day simple moving average is $122.87 and its 200 day simple moving average is $119.38. iShares Russell 1000 Growth ETF has a fifty-two week low of $102.23 and a fifty-two week 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.