First Merchants Corp Sells 118,906 Shares of iShares Russell 1000 Growth ETF $IWF

First Merchants Corp lowered its stake in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 96.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,797 shares of the exchange traded fund’s stock after selling 118,906 shares during the quarter. First Merchants Corp’s holdings in iShares Russell 1000 Growth ETF were worth $476,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. MBM Wealth Consultants LLC bought a new stake in iShares Russell 1000 Growth ETF during the 1st quarter valued at $28,000. Richards Merrill & Peterson Inc. grew its stake in shares of iShares Russell 1000 Growth ETF by 76.9% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 69 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 30 shares during the period. Main Street Group LTD purchased a new position in shares of iShares Russell 1000 Growth ETF in the 1st quarter valued at about $64,000. Piedmont Capital Management LLC NC purchased a new stake in iShares Russell 1000 Growth ETF in the 1st quarter worth $70,000. Finally, GKV Capital Management Co. Inc. purchased a new position in iShares Russell 1000 Growth ETF in the 1st quarter valued at about $85,000. 75.33% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell 1000 Growth ETF Stock Performance

Shares of IWF opened at $121.48 on Friday. The stock has a 50 day moving average price of $124.14 and a 200 day moving average price of $121.63. iShares Russell 1000 Growth ETF has a one year low of $102.23 and a one year high of $129.80. The stock has a market capitalization of $123.84 billion, a price-to-earnings ratio of 33.43 and a beta of 1.16.

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.