Foundations Investment Advisors LLC Trims Stock Holdings in iShares Russell 1000 Growth ETF $IWF

Foundations Investment Advisors LLC cut its holdings in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 12.0% in the third quarter, HoldingsChannel reports. The firm owned 8,306 shares of the exchange traded fund’s stock after selling 1,132 shares during the period. Foundations Investment Advisors LLC’s holdings in iShares Russell 1000 Growth ETF were worth $3,891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position in shares of iShares Russell 1000 Growth ETF by 6.0% in the second quarter. JPMorgan Chase & Co. now owns 7,216,343 shares of the exchange traded fund’s stock valued at $3,063,916,000 after purchasing an additional 411,172 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in iShares Russell 1000 Growth ETF by 1.4% in the second quarter. Envestnet Asset Management Inc. now owns 5,285,390 shares of the exchange traded fund’s stock valued at $2,244,071,000 after purchasing an additional 70,645 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of iShares Russell 1000 Growth ETF by 0.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,112,830 shares of the exchange traded fund’s stock worth $1,321,645,000 after purchasing an additional 13,758 shares during the period. Baird Financial Group Inc. boosted its position in iShares Russell 1000 Growth ETF by 15.8% during the second quarter. Baird Financial Group Inc. now owns 2,729,778 shares of the exchange traded fund’s stock worth $1,159,009,000 after purchasing an additional 372,064 shares in the last quarter. Finally, M&T Bank Corp boosted its position in shares of iShares Russell 1000 Growth ETF by 1.1% in the 2nd quarter. M&T Bank Corp now owns 2,560,776 shares of the exchange traded fund’s stock worth $1,087,303,000 after buying an additional 27,927 shares in the last quarter. 75.33% of the stock is owned by institutional investors and hedge funds.

iShares Russell 1000 Growth ETF Stock Performance

IWF stock opened at $465.95 on Friday. iShares Russell 1000 Growth ETF has a 1 year low of $308.67 and a 1 year high of $493.00. The firm has a market cap of $120.31 billion, a P/E ratio of 33.43 and a beta of 1.13. The stock’s 50 day moving average price is $473.34 and its 200 day moving average price is $463.60.

iShares Russell 1000 Growth ETF Company 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.