PNC Financial Services Group Inc. Trims Stake in iShares Russell 1000 Growth ETF $IWF

PNC Financial Services Group Inc. lessened its stake in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 0.2% during the first quarter, Holdings Channel.com reports. The institutional investor owned 3,057,823 shares of the exchange traded fund’s stock after selling 7,069 shares during the period. iShares Russell 1000 Growth ETF accounts for about 0.8% of PNC Financial Services Group Inc.’s portfolio, making the stock its 16th largest position. PNC Financial Services Group Inc.’s holdings in iShares Russell 1000 Growth ETF were worth $1,303,856,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Godsey & Gibb Inc. purchased a new stake in iShares Russell 1000 Growth ETF during the 4th quarter worth about $27,000. Concord Wealth Partners lifted its holdings in iShares Russell 1000 Growth ETF by 210.0% in the 4th quarter. Concord Wealth Partners now owns 62 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 42 shares in the last quarter. Reyes Financial Architecture Inc. acquired a new stake in shares of iShares Russell 1000 Growth ETF during the 4th quarter worth about $30,000. MBM Wealth Consultants LLC acquired a new stake in shares of iShares Russell 1000 Growth ETF during the 1st quarter worth about $28,000. Finally, Networth Advisors LLC purchased a new stake in shares of iShares Russell 1000 Growth ETF during the fourth quarter worth about $32,000. 75.33% of the stock is owned by institutional investors and hedge funds.

iShares Russell 1000 Growth ETF Price Performance

Shares of NYSEARCA IWF opened at $121.33 on Wednesday. The company has a 50-day simple moving average of $123.14 and a 200-day simple moving average of $117.54. The company has a market cap of $125.19 billion, a PE ratio of 33.43 and a beta of 1.16. iShares Russell 1000 Growth ETF has a 12 month low of $102.23 and a 12 month high of $129.14.

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.