First Business Financial Services Inc. Sells 17,627 Shares of iShares Russell 1000 Growth ETF $IWF

First Business Financial Services Inc. reduced its position in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 8.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 187,768 shares of the exchange traded fund’s stock after selling 17,627 shares during the period. iShares Russell 1000 Growth ETF accounts for about 8.1% of First Business Financial Services Inc.’s holdings, making the stock its 3rd biggest holding. First Business Financial Services Inc. owned 0.07% of iShares Russell 1000 Growth ETF worth $87,952,000 at the end of the most recent reporting period.

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

iShares Russell 1000 Growth ETF Stock Performance

Shares of IWF opened at $462.42 on Thursday. 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 capitalization of $120.11 billion, a price-to-earnings ratio of 33.43 and a beta of 1.13. The firm has a 50-day simple moving average of $472.47 and a 200-day simple moving average of $461.77.

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.