Sowell Financial Services LLC decreased its stake in shares of iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT – Free Report) by 55.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,900 shares of the company’s stock after selling 50,681 shares during the period. Sowell Financial Services LLC owned approximately 0.09% of iShares S&P Small-Cap 600 Growth ETF worth $6,558,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in IJT. Pinnacle Associates Ltd. boosted its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 1.8% in the third quarter. Pinnacle Associates Ltd. now owns 29,904 shares of the company’s stock valued at $4,794,000 after acquiring an additional 524 shares in the last quarter. Diversify Advisory Services LLC increased its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 23.7% during the third quarter. Diversify Advisory Services LLC now owns 3,162 shares of the company’s stock valued at $509,000 after acquiring an additional 605 shares during the period. Tred Avon Family Wealth LLC increased its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 14.9% during the third quarter. Tred Avon Family Wealth LLC now owns 3,249 shares of the company’s stock valued at $521,000 after acquiring an additional 422 shares during the period. Focused Alpha LLC raised its holdings in iShares S&P Small-Cap 600 Growth ETF by 74.4% during the third quarter. Focused Alpha LLC now owns 3,040 shares of the company’s stock worth $487,000 after purchasing an additional 1,297 shares in the last quarter. Finally, CFS Investment Advisory Services LLC raised its holdings in iShares S&P Small-Cap 600 Growth ETF by 25.3% during the third quarter. CFS Investment Advisory Services LLC now owns 2,285 shares of the company’s stock worth $375,000 after purchasing an additional 462 shares in the last quarter. 55.81% of the stock is currently owned by institutional investors.
iShares S&P Small-Cap 600 Growth ETF Price Performance
IJT opened at $161.70 on Wednesday. The company 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 1-year low of $132.98 and a 1-year high of $179.68. The business has a 50 day moving average price of $166.77 and a two-hundred day moving average price of $166.38.
iShares S&P Small-Cap 600 Growth ETF Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were paid a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.44 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 $0.2566.
iShares S&P Small-Cap 600 Growth ETF 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. 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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