iShares Russell 1000 Growth ETF $IWF is Pointe Capital Management LLC’s Largest Position

Pointe Capital Management LLC lifted its position in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 315.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 162,841 shares of the exchange traded fund’s stock after purchasing an additional 123,670 shares during the quarter. iShares Russell 1000 Growth ETF accounts for about 9.0% of Pointe Capital Management LLC’s holdings, making the stock its largest holding. Pointe Capital Management LLC’s holdings in iShares Russell 1000 Growth ETF were worth $20,220,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in IWF. Bank of America Corp DE grew its position in iShares Russell 1000 Growth ETF by 1.6% during the 4th quarter. Bank of America Corp DE now owns 28,021,788 shares of the exchange traded fund’s stock worth $13,262,712,000 after acquiring an additional 443,914 shares during the last quarter. Morgan Stanley grew its holdings in iShares Russell 1000 Growth ETF by 2.2% in the 4th quarter. Morgan Stanley now owns 27,636,174 shares of the exchange traded fund’s stock worth $13,080,203,000 after acquiring an additional 587,889 shares during the last quarter. Baird Financial Group Inc. increased its position in shares of iShares Russell 1000 Growth ETF by 312.9% in the second 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 acquiring an additional 8,781,777 shares during the period. JPMorgan Chase & Co. increased its position in shares of iShares Russell 1000 Growth ETF by 1.0% in the fourth quarter. JPMorgan Chase & Co. now owns 7,496,501 shares of the exchange traded fund’s stock valued at $3,548,095,000 after acquiring an additional 70,843 shares during the period. Finally, Northern Trust Corp raised its stake in shares of iShares Russell 1000 Growth ETF by 1.9% during the fourth quarter. Northern Trust Corp now owns 5,560,417 shares of the exchange traded fund’s stock valued at $2,631,745,000 after acquiring an additional 101,545 shares during the last quarter. Hedge funds and other institutional investors own 75.33% of the company’s stock.

iShares Russell 1000 Growth ETF Trading Down 0.3%

iShares Russell 1000 Growth ETF stock opened at $123.02 on Wednesday. The firm has a 50-day moving average of $121.89 and a 200-day moving average of $118.93. The firm has a market cap of $126.05 billion, a P/E ratio of 33.43 and a beta of 1.17. iShares Russell 1000 Growth ETF has a 1-year low of $102.23 and a 1-year high of $129.14.

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.