Brightwater Advisory LLC Takes Position in iShares Russell 1000 Growth ETF (NYSEARCA:IWF)

Brightwater Advisory LLC purchased a new stake in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 9,201 shares of the exchange traded fund’s stock, valued at approximately $3,354,000. iShares Russell 1000 Growth ETF accounts for 2.4% of Brightwater Advisory LLC’s holdings, making the stock its 15th largest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. JPMorgan Chase & Co. increased its position in shares of iShares Russell 1000 Growth ETF by 0.9% during the first quarter. JPMorgan Chase & Co. now owns 7,847,670 shares of the exchange traded fund’s stock valued at $2,645,057,000 after buying an additional 66,923 shares during the period. Envestnet Asset Management Inc. increased its position in shares of iShares Russell 1000 Growth ETF by 6.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 5,413,232 shares of the exchange traded fund’s stock valued at $1,641,130,000 after buying an additional 341,407 shares during the period. Northern Trust Corp increased its position in shares of iShares Russell 1000 Growth ETF by 3.9% during the fourth quarter. Northern Trust Corp now owns 4,202,517 shares of the exchange traded fund’s stock valued at $1,274,077,000 after buying an additional 156,995 shares during the period. LPL Financial LLC increased its position in shares of iShares Russell 1000 Growth ETF by 2.1% in the second quarter. LPL Financial LLC now owns 2,924,993 shares of the exchange traded fund’s stock worth $1,066,189,000 after purchasing an additional 60,668 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of iShares Russell 1000 Growth ETF by 4.0% in the second quarter. Commonwealth Equity Services LLC now owns 2,216,427 shares of the exchange traded fund’s stock worth $807,910,000 after purchasing an additional 84,663 shares during the last quarter.

iShares Russell 1000 Growth ETF Trading Down 1.4 %

IWF stock opened at $370.24 on Wednesday. The company’s 50 day moving average is $359.59 and its 200 day moving average is $351.55. The stock has a market cap of $97.95 billion, a price-to-earnings ratio of 35.64 and a beta of 1.20. iShares Russell 1000 Growth ETF has a 1-year low of $256.01 and a 1-year high of $382.82.

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.