Reliance Trust Co. of Delaware Sells 3,296 Shares of iShares Russell 1000 Growth Index (IWF)

Reliance Trust Co. of Delaware decreased its stake in shares of iShares Russell 1000 Growth Index (NYSE:IWF) by 4.8% during the second quarter, Holdings Channel reports. The institutional investor owned 65,070 shares of the exchange traded fund’s stock after selling 3,296 shares during the period. iShares Russell 1000 Growth Index accounts for about 1.2% of Reliance Trust Co. of Delaware’s holdings, making the stock its 8th largest position. Reliance Trust Co. of Delaware’s holdings in iShares Russell 1000 Growth Index were worth $7,745,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in IWF. Moloney Securities Asset Management LLC increased 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. FineMark National Bank & Trust increased its position in shares of iShares Russell 1000 Growth Index by 1.7% in the second quarter. FineMark National Bank & Trust now owns 13,453 shares of the exchange traded fund’s stock valued at $1,601,000 after buying an additional 226 shares in the last quarter. Osborne Partners Capital Management LLC increased its position in shares of iShares Russell 1000 Growth Index by 1.6% in the second quarter. Osborne Partners Capital Management LLC now owns 25,145 shares of the exchange traded fund’s stock valued at $2,993,000 after buying an additional 395 shares in the last quarter. MCF Advisors LLC increased 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. Finally, Congress Asset Management Co. MA increased its position in shares of iShares Russell 1000 Growth Index by 3.9% in the second quarter. Congress Asset Management Co. MA now owns 20,355 shares of the exchange traded fund’s stock valued at $2,423,000 after buying an additional 757 shares in the last quarter.

iShares Russell 1000 Growth Index (NYSE:IWF) opened at 122.08 on Monday. iShares Russell 1000 Growth Index has a 12 month low of $99.57 and a 12 month high of $123.32. The firm’s 50-day moving average is $120.46 and its 200 day moving average is $115.39.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 12th. Shareholders of record on Monday, July 10th were paid a $0.4246 dividend. The ex-dividend date was Thursday, July 6th. This is a boost from iShares Russell 1000 Growth Index’s previous quarterly dividend of $0.33. This represents a $1.70 annualized dividend and a yield of 1.39%.

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About iShares Russell 1000 Growth Index

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.

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