Segment Wealth Management LLC Purchases New Shares in iShares Russell 1000 Growth ETF $IWF

Segment Wealth Management LLC acquired a new position in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 42,136 shares of the exchange traded fund’s stock, valued at approximately $5,278,000.

Other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. increased its position in iShares Russell 1000 Growth ETF by 291.9% during the second quarter. Envestnet Asset Management Inc. now owns 20,963,458 shares of the exchange traded fund’s stock worth $2,603,007,000 after buying an additional 15,614,625 shares in the last quarter. Baird Financial Group Inc. raised its holdings 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 worth $1,438,978,000 after acquiring an additional 8,781,777 shares during the last quarter. Signaturefd LLC acquired a new position in shares of iShares Russell 1000 Growth ETF in the third quarter worth $924,594,000. Cetera Investment Advisers lifted its position in shares of iShares Russell 1000 Growth ETF by 0.4% in the first quarter. Cetera Investment Advisers now owns 1,569,465 shares of the exchange traded fund’s stock valued at $669,220,000 after acquiring an additional 6,404 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of iShares Russell 1000 Growth ETF by 153.2% in the first quarter. Fifth Third Bancorp now owns 983,920 shares of the exchange traded fund’s stock valued at $419,544,000 after acquiring an additional 595,395 shares in the last quarter. 75.33% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell 1000 Growth ETF Stock Up 1.1%

IWF opened at $120.89 on Tuesday. The firm has a market cap of $123.37 billion, a P/E ratio of 33.43 and a beta of 1.16. iShares Russell 1000 Growth ETF has a 52 week low of $102.23 and a 52 week high of $129.80. The business’s fifty day simple moving average is $123.88 and its 200 day simple moving average is $119.39.

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.