iShares Russell 1000 Growth ETF Executes 1-for-4 Reverse Split, Shares at $118.52
On April 29, iShares Russell 1000 Growth ETF executed a 1-for-4 reverse stock split, reducing outstanding shares and lifting per-share price to $118.52 at a market cap of $134.3B. Comerica Bank trimmed its stake by 1.7%, while Confluence Wealth and Aprio Wealth raised holdings by 3.3% and 69.6%.
1. Reverse Stock Split Details
On April 29, iShares Russell 1000 Growth ETF completed a 1-for-4 reverse stock split, consolidating every four pre-split shares into one. This adjustment reduced the ETF's outstanding share count and lifted the post-split per-share price to $118.52.
2. Comerica Bank Reduces Stake
In the days surrounding the split, Comerica Bank trimmed its holding in the ETF by 1.7%, selling 10,150 shares and retaining 604,730 shares valued at roughly $286.2 million, which represents 1.1% of its total portfolio.
3. Institutional Inflows from Confluence and Aprio
Confluence Wealth increased its position by 3.3% with an additional 9,752 shares, bringing its total to 301,211 shares (approximately $142.6 million). Aprio Wealth Management boosted its stake by 69.6% with 4,917 more shares.
4. Trading Metrics Post-Split
Following the reverse split, the ETF trades at $118.52 per share with a market capitalization near $134.3 billion. Over the past 52 weeks, its share price ranged from $118.31 to $493.00, reflecting the volatility of its growth-focused holdings.