Salomon & Ludwin LLC Cuts Stock Position in iShares S&P Small-Cap 600 Growth ETF $IJT

Salomon & Ludwin LLC lowered its holdings in iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) by 2.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 66,020 shares of the company’s stock after selling 1,335 shares during the period. Salomon & Ludwin LLC’s holdings in iShares S&P Small-Cap 600 Growth ETF were worth $8,938,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of IJT. Northwestern Mutual Wealth Management Co. boosted its position in iShares S&P Small-Cap 600 Growth ETF by 13.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 801,556 shares of the company’s stock worth $99,794,000 after purchasing an additional 95,583 shares during the last quarter. Belpointe Asset Management LLC purchased a new position in shares of iShares S&P Small-Cap 600 Growth ETF during the 2nd quarter valued at $9,473,000. Cordatus Wealth Management LLC purchased a new position in shares of iShares S&P Small-Cap 600 Growth ETF during the 1st quarter valued at $7,713,000. LPL Financial LLC lifted its position in shares of iShares S&P Small-Cap 600 Growth ETF by 5.5% during the 1st quarter. LPL Financial LLC now owns 889,343 shares of the company’s stock valued at $110,723,000 after buying an additional 46,427 shares during the last quarter. Finally, Brown Advisory Inc. lifted its position in shares of iShares S&P Small-Cap 600 Growth ETF by 16.8% during the 1st quarter. Brown Advisory Inc. now owns 296,371 shares of the company’s stock valued at $36,898,000 after buying an additional 42,548 shares during the last quarter. Hedge funds and other institutional investors own 55.81% of the company’s stock.

iShares S&P Small-Cap 600 Growth ETF Price Performance

Shares of NASDAQ IJT opened at $140.38 on Friday. iShares S&P Small-Cap 600 Growth ETF has a one year low of $107.38 and a one year high of $152.05. The business’s fifty day moving average price is $140.45 and its 200-day moving average price is $132.35. The stock has a market capitalization of $6.22 billion, a PE ratio of 20.21 and a beta of 1.13.

iShares S&P Small-Cap 600 Growth ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Tuesday, September 16th were given a dividend of $0.314 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.9%. This is a boost from iShares S&P Small-Cap 600 Growth ETF’s previous quarterly dividend of $0.29.

iShares S&P Small-Cap 600 Growth ETF Company Profile

iShares S&P Small-Cap 600 Growth ETF, formerly iShares S&P SmallCap 600 Growth Index Fund (the Fund), seeks investment results that correspond generally to the price and yield performance of the S&P SmallCap 600 Growth Index (the Index). The Index measures the performance of the small-capitalization growth sector of the United States equity market and consists of those stocks in the S&P SmallCap 600 Index exhibiting the strongest growth characteristics.