Ledyard National Bank Makes New $1.45 Million Investment in iShares Russell 1000 Growth ETF $IWF

Ledyard National Bank bought a new stake in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 11,608 shares of the exchange traded fund’s stock, valued at approximately $1,454,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its holdings in iShares Russell 1000 Growth ETF by 291.9% in 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 purchasing an additional 15,614,625 shares during the last quarter. Baird Financial Group Inc. grew its stake in iShares Russell 1000 Growth ETF by 312.9% during the 2nd 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. Cetera Investment Advisers grew its stake in iShares Russell 1000 Growth ETF by 0.4% during the 1st quarter. Cetera Investment Advisers now owns 1,569,465 shares of the exchange traded fund’s stock valued at $669,220,000 after purchasing an additional 6,404 shares in the last quarter. Fifth Third Bancorp increased its holdings in iShares Russell 1000 Growth ETF by 153.2% during the 1st quarter. Fifth Third Bancorp now owns 983,920 shares of the exchange traded fund’s stock worth $419,544,000 after purchasing an additional 595,395 shares during the last quarter. Finally, Stairway Partners LLC purchased a new stake in iShares Russell 1000 Growth ETF during the 3rd quarter worth approximately $198,042,000. Institutional investors and hedge funds own 75.33% of the company’s stock.

iShares Russell 1000 Growth ETF Trading Down 2.8%

iShares Russell 1000 Growth ETF stock opened at $120.09 on Friday. The stock has a market cap of $123.08 billion, a P/E ratio of 33.43 and a beta of 1.16. iShares Russell 1000 Growth ETF has a 52 week low of $102.23 and a 52 week high of $129.80. The stock has a 50 day moving average of $123.95 and a 200-day moving average of $122.18.

iShares Russell 1000 Growth ETF 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.