Lake Street Private Wealth LLC cut its position in iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT – Free Report) by 7.5% in the third quarter, Holdings Channel reports. The firm owned 63,358 shares of the company’s stock after selling 5,167 shares during the period. iShares S&P Small-Cap 600 Growth ETF accounts for approximately 1.1% of Lake Street Private Wealth LLC’s holdings, making the stock its 25th biggest position. Lake Street Private Wealth LLC’s holdings in iShares S&P Small-Cap 600 Growth ETF were worth $10,159,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in IJT. Lee Financial Co acquired a new position in iShares S&P Small-Cap 600 Growth ETF during the third quarter worth approximately $17,702,000. Royal Fund Management LLC lifted its stake in iShares S&P Small-Cap 600 Growth ETF by 1,257.8% in the third quarter. Royal Fund Management LLC now owns 104,432 shares of the company’s stock valued at $16,744,000 after buying an additional 96,741 shares during the last quarter. Ifrah Financial Services Inc. purchased a new stake in iShares S&P Small-Cap 600 Growth ETF in the third quarter valued at approximately $7,917,000. Farther Finance Advisors LLC lifted its stake in iShares S&P Small-Cap 600 Growth ETF by 288.7% in the third quarter. Farther Finance Advisors LLC now owns 66,113 shares of the company’s stock valued at $10,600,000 after buying an additional 49,106 shares during the last quarter. Finally, Blue Edge Capital LLC acquired a new stake in shares of iShares S&P Small-Cap 600 Growth ETF in the second quarter valued at approximately $8,013,000. 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 iShares S&P Small-Cap 600 Growth ETF stock opened at $161.80 on Friday. The firm’s fifty day simple moving average is $166.15 and its 200-day simple moving average is $166.59. The stock has a market capitalization of $7.58 billion, a price-to-earnings ratio of 20.21 and a beta of 1.05. iShares S&P Small-Cap 600 Growth ETF has a 12 month low of $132.98 and a 12 month high of $179.68.
iShares S&P Small-Cap 600 Growth ETF Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were issued a dividend of $0.36 per share. This is a boost from iShares S&P Small-Cap 600 Growth ETF’s previous quarterly dividend of $0.2566. This represents a $1.44 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, September 15th.
About iShares S&P Small-Cap 600 Growth ETF
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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.
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