Bay Capital Advisors LLC Makes New $6.50 Million Investment in iShares Russell 1000 Growth ETF (NYSEARCA:IWF)

Bay Capital Advisors LLC bought a new stake in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 16,175 shares of the exchange traded fund’s stock, valued at approximately $6,496,000. iShares Russell 1000 Growth ETF comprises 5.2% of Bay Capital Advisors LLC’s holdings, making the stock its 3rd largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA raised its position in iShares Russell 1000 Growth ETF by 43.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,219 shares of the exchange traded fund’s stock valued at $1,208,000 after purchasing an additional 974 shares during the period. Westfield Capital Management Co. LP acquired a new position in iShares Russell 1000 Growth ETF in the third quarter valued at about $436,000. Davis R M Inc. lifted its position in iShares Russell 1000 Growth ETF by 3.4% in the third quarter. Davis R M Inc. now owns 10,308 shares of the exchange traded fund’s stock valued at $3,869,000 after buying an additional 342 shares during the last quarter. Independent Advisor Alliance boosted its stake in iShares Russell 1000 Growth ETF by 8.4% during the third quarter. Independent Advisor Alliance now owns 1,125 shares of the exchange traded fund’s stock worth $422,000 after buying an additional 87 shares during the period. Finally, DRW Securities LLC increased its position in shares of iShares Russell 1000 Growth ETF by 6.5% during the third quarter. DRW Securities LLC now owns 815 shares of the exchange traded fund’s stock valued at $306,000 after acquiring an additional 50 shares during the last quarter.

iShares Russell 1000 Growth ETF Stock Up 2.2 %

NYSEARCA:IWF opened at $377.95 on Tuesday. iShares Russell 1000 Growth ETF has a 52 week low of $315.24 and a 52 week high of $419.53. The stock’s fifty day moving average is $396.67 and its two-hundred day moving average is $392.17. The stock has a market capitalization of $99.12 billion, a price-to-earnings ratio of 31.83 and a beta of 1.11.

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.