Janney Montgomery Scott LLC Increases Position in iShares Russell 1000 Growth Index (IWF)

Janney Montgomery Scott LLC increased its stake in shares of iShares Russell 1000 Growth Index (NYSE:IWF) by 9.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 525,659 shares of the exchange traded fund’s stock after buying an additional 45,168 shares during the period. iShares Russell 1000 Growth Index makes up approximately 0.8% of Janney Montgomery Scott LLC’s investment portfolio, making the stock its 16th largest position. Janney Montgomery Scott LLC’s holdings in iShares Russell 1000 Growth Index were worth $62,564,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Wellington Shields Capital Management LLC bought a new position in shares of iShares Russell 1000 Growth Index during the second quarter valued at $204,000. Gibson Capital LLC bought a new position in shares of iShares Russell 1000 Growth Index during the second quarter valued at $227,000. Moloney Securities Asset Management LLC raised its position in shares of iShares Russell 1000 Growth Index by 4.2% in the second quarter. Moloney Securities Asset Management LLC now owns 2,759 shares of the exchange traded fund’s stock valued at $328,000 after buying an additional 110 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of iShares Russell 1000 Growth Index by 103.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,895 shares of the exchange traded fund’s stock valued at $345,000 after buying an additional 1,469 shares in the last quarter. Finally, MCF Advisors LLC raised its position in shares of iShares Russell 1000 Growth Index by 18.0% in the second quarter. MCF Advisors LLC now owns 2,948 shares of the exchange traded fund’s stock valued at $351,000 after buying an additional 449 shares in the last quarter.

Shares of iShares Russell 1000 Growth Index (IWF) traded up 0.50% during trading on Friday, hitting $120.94. 1,513,382 shares of the stock traded hands. The company has a 50 day moving average price of $121.00 and a 200 day moving average price of $116.27. iShares Russell 1000 Growth Index has a 12 month low of $99.57 and a 12 month high of $123.32.

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 12th. Shareholders of record on Monday, July 10th were issued a $0.4246 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend was Thursday, July 6th. This is a positive change from iShares Russell 1000 Growth Index’s previous quarterly dividend of $0.33.

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iShares Russell 1000 Growth Index Company 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.

Institutional Ownership by Quarter for iShares Russell 1000 Growth Index (NYSE:IWF)

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