71 West Capital Partners Invests $385.15 Million in iShares Russell 1000 Growth ETF $IWF

71 West Capital Partners purchased a new stake in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) during the 4th quarter, HoldingsChannel reports. The firm purchased 813,755 shares of the exchange traded fund’s stock, valued at approximately $385,150,000. iShares Russell 1000 Growth ETF makes up 17.7% of 71 West Capital Partners’ portfolio, making the stock its largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CIBC Bancorp USA Inc. purchased a new position in iShares Russell 1000 Growth ETF during the third quarter valued at $452,320,000. OpenArc Corporate Advisory LLC purchased a new position in iShares Russell 1000 Growth ETF during the fourth quarter valued at $376,761,000. Dynasty Wealth Management LLC lifted its holdings in iShares Russell 1000 Growth ETF by 1,752.6% during the fourth quarter. Dynasty Wealth Management LLC now owns 657,578 shares of the exchange traded fund’s stock valued at $311,232,000 after purchasing an additional 622,083 shares in the last quarter. Morgan Stanley lifted its stake in shares of iShares Russell 1000 Growth ETF by 2.2% in the fourth quarter. Morgan Stanley now owns 27,636,174 shares of the exchange traded fund’s stock worth $13,080,203,000 after buying an additional 587,889 shares in the last quarter. Finally, Focus Partners Wealth lifted its stake in shares of iShares Russell 1000 Growth ETF by 44.1% in the fourth quarter. Focus Partners Wealth now owns 1,908,493 shares of the exchange traded fund’s stock worth $903,193,000 after buying an additional 583,623 shares in the last quarter. Institutional investors and hedge funds own 75.33% of the company’s stock.

iShares Russell 1000 Growth ETF Trading Up 2.3%

NYSEARCA:IWF opened at $124.36 on Tuesday. The company’s 50-day moving average price is $120.78 and its 200-day moving average price is $117.02. The company has a market cap of $129.88 billion, a P/E ratio of 33.43 and a beta of 1.16. iShares Russell 1000 Growth ETF has a twelve month low of $100.47 and a twelve month high of $129.14.

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.