Jennison Associates LLC Sells 5,261 Shares of iShares Russell 1000 Growth ETF $IWF

Jennison Associates LLC cut its stake in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 5.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 87,739 shares of the exchange traded fund’s stock after selling 5,261 shares during the quarter. Jennison Associates LLC’s holdings in iShares Russell 1000 Growth ETF were worth $37,412,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Godsey & Gibb Inc. purchased a new position in iShares Russell 1000 Growth ETF in the fourth quarter worth about $27,000. MBM Wealth Consultants LLC purchased a new position in shares of iShares Russell 1000 Growth ETF in the first quarter worth approximately $28,000. Concord Wealth Partners boosted its holdings in shares of iShares Russell 1000 Growth ETF by 210.0% in the fourth quarter. Concord Wealth Partners now owns 62 shares of the exchange traded fund’s stock worth $29,000 after buying an additional 42 shares during the last quarter. Richards Merrill & Peterson Inc. grew its position in iShares Russell 1000 Growth ETF by 76.9% during the first quarter. Richards Merrill & Peterson Inc. now owns 69 shares of the exchange traded fund’s stock valued at $29,000 after buying an additional 30 shares during the period. Finally, Reyes Financial Architecture Inc. bought a new stake in iShares Russell 1000 Growth ETF during the fourth quarter valued at approximately $30,000. 75.33% of the stock is owned by institutional investors.

iShares Russell 1000 Growth ETF Price Performance

Shares of iShares Russell 1000 Growth ETF stock opened at $119.47 on Tuesday. iShares Russell 1000 Growth ETF has a 1-year low of $102.23 and a 1-year high of $129.14. The company’s fifty day simple moving average is $123.19 and its 200-day simple moving average is $117.51. The stock has a market capitalization of $123.28 billion, a PE ratio of 33.43 and a beta of 1.16.

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.