Andina Capital Management LLC Makes New $990,000 Investment in iShares Russell 1000 Growth ETF (NYSEARCA:IWF)

Andina Capital Management LLC purchased a new stake in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,264 shares of the exchange traded fund’s stock, valued at approximately $990,000. iShares Russell 1000 Growth ETF accounts for about 0.9% of Andina Capital Management LLC’s holdings, making the stock its 29th largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in IWF. Brookstone Capital Management increased its stake in shares of iShares Russell 1000 Growth ETF by 2.6% in the third quarter. Brookstone Capital Management now owns 17,766 shares of the exchange traded fund’s stock valued at $4,766,000 after buying an additional 458 shares during the period. Financial Consulate Inc. acquired a new stake in shares of iShares Russell 1000 Growth ETF in the third quarter valued at about $295,000. Raymond James Financial Services Advisors Inc. increased its stake in shares of iShares Russell 1000 Growth ETF by 2.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 725,139 shares of the exchange traded fund’s stock valued at $192,880,000 after buying an additional 19,640 shares during the period. 1834 Investment Advisors Co. increased its stake in shares of iShares Russell 1000 Growth ETF by 2.7% in the third quarter. 1834 Investment Advisors Co. now owns 13,948 shares of the exchange traded fund’s stock valued at $3,710,000 after buying an additional 366 shares during the period. Finally, Foster & Motley Inc. increased its stake in shares of iShares Russell 1000 Growth ETF by 20.2% in the third quarter. Foster & Motley Inc. now owns 1,013 shares of the exchange traded fund’s stock valued at $269,000 after buying an additional 170 shares during the period.

iShares Russell 1000 Growth ETF Stock Performance

Shares of IWF stock traded down $0.99 on Wednesday, hitting $321.85. The company had a trading volume of 532,975 shares, compared to its average volume of 1,384,621. The stock’s 50-day moving average is $331.21 and its two-hundred day moving average is $308.91. iShares Russell 1000 Growth ETF has a twelve month low of $241.41 and a twelve month high of $340.83. The firm has a market cap of $85.15 billion, a P/E ratio of 35.64 and a beta of 1.20.

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.