Pinnacle Financial Partners Inc Has $65.55 Million Position in iShares Russell 1000 Growth ETF $IWF

Pinnacle Financial Partners Inc reduced its holdings in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 21.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 139,941 shares of the exchange traded fund’s stock after selling 38,328 shares during the period. iShares Russell 1000 Growth ETF makes up 1.6% of Pinnacle Financial Partners Inc’s portfolio, making the stock its 10th largest holding. Pinnacle Financial Partners Inc owned approximately 0.05% of iShares Russell 1000 Growth ETF worth $65,550,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Concord Wealth Partners grew its position in iShares Russell 1000 Growth ETF by 1,966.7% in the second quarter. Concord Wealth Partners now owns 62 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 59 shares in the last quarter. HighMark Wealth Management LLC raised its position in iShares Russell 1000 Growth ETF by 60.5% during the second quarter. HighMark Wealth Management LLC now owns 69 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 26 shares during the period. Bell Investment Advisors Inc bought a new stake in shares of iShares Russell 1000 Growth ETF in the 2nd quarter valued at approximately $32,000. Manning & Napier Advisors LLC purchased a new position in shares of iShares Russell 1000 Growth ETF in the 3rd quarter worth approximately $47,000. Finally, Steigerwald Gordon & Koch Inc. purchased a new position in shares of iShares Russell 1000 Growth ETF in the 3rd quarter worth approximately $53,000. 75.33% of the stock is currently owned by institutional investors.

iShares Russell 1000 Growth ETF Stock Performance

NYSEARCA IWF opened at $470.58 on Friday. The business’s 50 day moving average price is $473.50 and its 200-day moving average price is $460.71. iShares Russell 1000 Growth ETF has a fifty-two week low of $308.67 and a fifty-two week high of $493.00. The company has a market cap of $122.63 billion, a P/E ratio of 33.43 and a beta of 1.13.

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.