Oakworth Capital Inc. Makes New Investment in iShares Russell 1000 Growth ETF $IWF

Oakworth Capital Inc. bought a new stake in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,477,023 shares of the exchange traded fund’s stock, valued at approximately $185,012,000. iShares Russell 1000 Growth ETF makes up about 8.7% of Oakworth Capital Inc.’s investment portfolio, making the stock its 2nd largest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its position in iShares Russell 1000 Growth ETF by 291.9% during the 2nd 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. boosted its stake in shares of iShares Russell 1000 Growth ETF by 312.9% during the 2nd quarter. Baird Financial Group Inc. now owns 11,588,776 shares of the exchange traded fund’s stock worth $1,438,978,000 after buying an additional 8,781,777 shares during the last quarter. Signaturefd LLC acquired a new position in shares of iShares Russell 1000 Growth ETF during the 3rd quarter worth about $924,594,000. Cetera Investment Advisers boosted its stake in shares of iShares Russell 1000 Growth ETF by 0.4% during the 1st quarter. Cetera Investment Advisers now owns 1,569,465 shares of the exchange traded fund’s stock worth $669,220,000 after buying an additional 6,404 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of iShares Russell 1000 Growth ETF by 153.2% in the 1st 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 Price Performance

Shares of NYSEARCA IWF opened at $122.25 on Wednesday. The stock has a market capitalization of $124.76 billion, a price-to-earnings ratio of 33.43 and a beta of 1.16. The business has a 50-day moving average of $123.73 and a 200-day moving average of $119.42. iShares Russell 1000 Growth ETF has a fifty-two week low of $102.23 and a fifty-two week high of $129.80.

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.