Fri Sep 20 09:11:17 UTC 2024: ## HSBC Boosts Investment in iShares Russell 1000 Growth ETF

**NEW YORK, September 20th, 2024** – HSBC Holdings PLC has increased its stake in the iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 16.9% during the second quarter, according to the company’s latest filing with the Securities and Exchange Commission (SEC). The investment firm now owns 216,262 shares of the ETF, representing a value of $78,830,000.

This move follows a trend of increased interest in the ETF by various hedge funds. Russell Investments Group Ltd. raised its position by 35.5% in the fourth quarter, Vantage Financial Partners LLC by 4.0%, Aveo Capital Partners LLC purchased a new stake, and 9258 Wealth Management LLC increased its holdings by 15.2%. Notably, Clearbridge Investments LLC significantly boosted its position by 1,065.4% during the fourth quarter.

The iShares Russell 1000 Growth ETF seeks to mirror the performance of the Russell 1000 Growth Index, which focuses on large-cap companies with higher price-to-book ratios and expected growth rates. The ETF opened at $373.35 on Friday, with a market cap of $98.77 billion.

This surge in investor interest suggests a growing confidence in the growth potential of large-cap companies and the ETF’s ability to capture that growth. Further analysis of hedge fund holdings and insider trades can be found on HoldingsChannel.com.

Read More