Raymond James Financial Inc. Makes New $1.37 Billion Investment in iShares Russell 1000 Growth ETF (NYSEARCA:IWF)

Raymond James Financial Inc. acquired a new position in shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 3,404,720 shares of the exchange traded fund’s stock, valued at approximately $1,367,267,000. iShares Russell 1000 Growth ETF accounts for approximately 0.5% of Raymond James Financial Inc.’s investment portfolio, making the stock its 27th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IWF. Strategic Financial Concepts LLC increased its holdings in shares of iShares Russell 1000 Growth ETF by 44,227.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 656,939 shares of the exchange traded fund’s stock valued at $263,814,000 after acquiring an additional 655,457 shares during the period. Wellington Management Group LLP increased its holdings in shares of iShares Russell 1000 Growth ETF by 5,975.8% in the 3rd quarter. Wellington Management Group LLP now owns 540,989 shares of the exchange traded fund’s stock valued at $203,076,000 after acquiring an additional 532,085 shares during the period. Bryn Mawr Capital Management LLC increased its holdings in shares of iShares Russell 1000 Growth ETF by 1,072.5% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 295,540 shares of the exchange traded fund’s stock valued at $118,683,000 after acquiring an additional 270,335 shares during the period. Choreo LLC increased its holdings in shares of iShares Russell 1000 Growth ETF by 34.9% in the 4th quarter. Choreo LLC now owns 676,064 shares of the exchange traded fund’s stock valued at $272,261,000 after acquiring an additional 174,889 shares during the period. Finally, J.Safra Asset Management Corp increased its holdings in shares of iShares Russell 1000 Growth ETF by 93.8% in the 4th quarter. J.Safra Asset Management Corp now owns 331,322 shares of the exchange traded fund’s stock valued at $134,252,000 after acquiring an additional 160,349 shares during the period.

iShares Russell 1000 Growth ETF Price Performance

Shares of iShares Russell 1000 Growth ETF stock opened at $388.04 on Thursday. The firm’s fifty day simple moving average is $405.92 and its 200-day simple moving average is $391.45. The stock has a market capitalization of $100.91 billion, a price-to-earnings ratio of 36.11 and a beta of 1.09. iShares Russell 1000 Growth ETF has a 12 month low of $315.24 and a 12 month high of $419.53.

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.