Formulate Financial LLC Acquires New Position in iShares Russell 1000 Growth ETF $IWF

Formulate Financial LLC bought a new position in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,128 shares of the exchange traded fund’s stock, valued at approximately $2,870,000. iShares Russell 1000 Growth ETF comprises approximately 3.6% of Formulate Financial LLC’s investment portfolio, making the stock its 9th largest position.

Several other hedge funds and other institutional investors also recently modified their holdings of IWF. JPMorgan Chase & Co. boosted its stake in 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 buying an additional 411,172 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of 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 worth $2,244,071,000 after acquiring an additional 70,645 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of iShares Russell 1000 Growth ETF by 0.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,112,830 shares of the exchange traded fund’s stock valued at $1,321,645,000 after purchasing an additional 13,758 shares in the last quarter. Baird Financial Group Inc. grew its holdings in shares of 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 valued at $1,159,009,000 after purchasing an additional 372,064 shares during the last quarter. Finally, M&T Bank Corp grew its holdings in shares of iShares Russell 1000 Growth ETF by 1.1% during the 2nd 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 last quarter. Institutional investors own 75.33% of the company’s stock.

iShares Russell 1000 Growth ETF Stock Performance

NYSEARCA IWF opened at $471.18 on Tuesday. The firm’s fifty day moving average price is $472.43 and its two-hundred day moving average price is $462.90. The stock has a market cap of $121.80 billion, a PE ratio of 33.43 and a beta of 1.13. iShares Russell 1000 Growth ETF has a fifty-two week low of $308.67 and a fifty-two week high of $493.00.

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.