Ehrenkranz Partners L.P. Buys New Position in iShares Russell 1000 Growth ETF $IWF

Ehrenkranz Partners L.P. bought a new stake in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) in the third quarter, HoldingsChannel reports. The institutional investor bought 6,821 shares of the exchange traded fund’s stock, valued at approximately $3,195,000. iShares Russell 1000 Growth ETF makes up about 2.8% of Ehrenkranz Partners L.P.’s portfolio, making the stock its 12th largest position.

Other institutional investors have also added to or reduced their stakes in the company. Breakwater Capital Group increased its stake in shares of iShares Russell 1000 Growth ETF by 3.0% in the 3rd quarter. Breakwater Capital Group now owns 38,154 shares of the exchange traded fund’s stock worth $17,872,000 after purchasing an additional 1,095 shares in the last quarter. First Horizon Corp purchased a new position in iShares Russell 1000 Growth ETF during the third quarter valued at $39,629,000. Dynasty Wealth Management LLC bought a new stake in iShares Russell 1000 Growth ETF during the third quarter valued at about $16,626,000. Bright Futures Wealth Management LLC. bought a new stake in iShares Russell 1000 Growth ETF during the third quarter valued at about $532,000. Finally, Permanent Capital Management LP purchased a new stake in iShares Russell 1000 Growth ETF in the third quarter worth about $4,100,000. 75.33% of the stock is currently owned by institutional investors.

iShares Russell 1000 Growth ETF Stock Down 1.1%

NYSEARCA IWF opened at $438.29 on Friday. iShares Russell 1000 Growth ETF has a 52 week low of $308.67 and a 52 week high of $493.00. The company has a market capitalization of $112.73 billion, a P/E ratio of 33.43 and a beta of 1.13. The stock’s 50-day moving average price is $459.70 and its 200-day moving average price is $466.13.

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.