Waterway Wealth Management LLC Sells 1,432 Shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF)

Waterway Wealth Management LLC trimmed its stake in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 9.2% during the 1st quarter, Holdings Channel reports. The fund owned 14,174 shares of the exchange traded fund’s stock after selling 1,432 shares during the quarter. iShares Russell 1000 Growth ETF makes up about 2.1% of Waterway Wealth Management LLC’s investment portfolio, making the stock its 8th largest position. Waterway Wealth Management LLC’s holdings in iShares Russell 1000 Growth ETF were worth $4,778,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Morgan Stanley grew its holdings in iShares Russell 1000 Growth ETF by 18.7% in the third quarter. Morgan Stanley now owns 23,848,988 shares of the exchange traded fund’s stock valued at $6,343,593,000 after purchasing an additional 3,765,550 shares during the period. UBS Group AG lifted its position in shares of iShares Russell 1000 Growth ETF by 1.7% in the fourth quarter. UBS Group AG now owns 6,102,415 shares of the exchange traded fund’s stock valued at $1,850,069,000 after acquiring an additional 103,652 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of iShares Russell 1000 Growth ETF by 6.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,413,232 shares of the exchange traded fund’s stock valued at $1,641,130,000 after acquiring an additional 341,407 shares in the last quarter. Northern Trust Corp lifted its position in shares of iShares Russell 1000 Growth ETF by 3.9% in the fourth quarter. Northern Trust Corp now owns 4,202,517 shares of the exchange traded fund’s stock valued at $1,274,077,000 after acquiring an additional 156,995 shares in the last quarter. Finally, Raymond James & Associates lifted its position in shares of iShares Russell 1000 Growth ETF by 0.8% in the fourth quarter. Raymond James & Associates now owns 2,883,465 shares of the exchange traded fund’s stock valued at $874,180,000 after acquiring an additional 22,908 shares in the last quarter.

iShares Russell 1000 Growth ETF Stock Down 0.7 %

Shares of NYSEARCA IWF traded down $2.72 during midday trading on Friday, hitting $364.51. The stock had a trading volume of 3,803,328 shares, compared to its average volume of 1,346,152. The company has a market capitalization of $96.43 billion, a PE ratio of 35.64 and a beta of 1.20. The stock has a 50 day simple moving average of $345.40 and a 200-day simple moving average of $329.51. iShares Russell 1000 Growth ETF has a 1 year low of $256.01 and a 1 year high of $370.46.

About iShares Russell 1000 Growth ETF

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.