Stairway Partners LLC Makes New $198.04 Million Investment in iShares Russell 1000 Growth ETF $IWF

Stairway Partners LLC acquired a new position in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,581,044 shares of the exchange traded fund’s stock, valued at approximately $198,042,000. iShares Russell 1000 Growth ETF accounts for about 9.4% of Stairway Partners LLC’s portfolio, making the stock its 6th biggest holding.

Several other hedge funds have also recently modified their holdings of the business. Arlington Trust Co LLC raised its stake in shares of iShares Russell 1000 Growth ETF by 671.9% during the 2nd quarter. Arlington Trust Co LLC now owns 6,268 shares of the exchange traded fund’s stock worth $778,000 after acquiring an additional 5,456 shares in the last quarter. Breakwater Capital Group boosted its position in iShares Russell 1000 Growth ETF by 302.1% during the second quarter. Breakwater Capital Group now owns 189,130 shares of the exchange traded fund’s stock worth $23,484,000 after acquiring an additional 142,091 shares during the last quarter. Compass Financial Management LLC acquired a new stake in iShares Russell 1000 Growth ETF in the 2nd quarter valued at about $590,000. Tenzing Financial LLC acquired a new position in shares of iShares Russell 1000 Growth ETF during the 2nd quarter worth approximately $594,000. Finally, First Bank & Trust increased its holdings in shares of iShares Russell 1000 Growth ETF by 300.0% in the second quarter. First Bank & Trust now owns 10,376 shares of the exchange traded fund’s stock valued at $1,288,000 after purchasing an additional 7,782 shares during the last quarter. Hedge funds and other institutional investors own 75.33% of the company’s stock.

iShares Russell 1000 Growth ETF Price Performance

Shares of IWF stock opened at $125.73 on Friday. The company has a market capitalization of $128.24 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 $129.14. The firm’s 50-day moving average is $122.65 and its two-hundred day moving average is $120.28.

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.