21,521 Shares of iShares S&P Small-Cap 600 Growth ETF $IJT Acquired by Arrow Investment Advisors LLC
by Mitch Edgeman · The Markets DailyArrow Investment Advisors LLC bought a new position in shares of iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT – Free Report) in the third quarter, Holdings Channel reports. The institutional investor bought 21,521 shares of the company’s stock, valued at approximately $3,450,000. iShares S&P Small-Cap 600 Growth ETF accounts for approximately 3.0% of Arrow Investment Advisors LLC’s holdings, making the stock its 11th largest position.
Other institutional investors and hedge funds have also modified their holdings of the company. Albion Financial Group UT purchased a new stake in shares of iShares S&P Small-Cap 600 Growth ETF in the third quarter valued at $26,000. Signaturefd LLC bought a new stake in shares of iShares S&P Small-Cap 600 Growth ETF during the 3rd quarter worth $28,000. Ashton Thomas Securities LLC purchased a new position in shares of iShares S&P Small-Cap 600 Growth ETF in the 1st quarter worth about $37,000. Horizons Wealth Management purchased a new stake in iShares S&P Small-Cap 600 Growth ETF during the third quarter valued at $43,000. Finally, Angeles Wealth Management LLC raised its stake in iShares S&P Small-Cap 600 Growth ETF by 70.0% in the first quarter. Angeles Wealth Management LLC now owns 340 shares of the company’s stock valued at $49,000 after buying an additional 140 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 Trading Up 0.7%
Shares of IJT opened at $161.31 on Friday. iShares S&P Small-Cap 600 Growth ETF has a twelve month low of $132.98 and a twelve month high of $179.68. The firm has a market capitalization of $7.32 billion, a price-to-earnings ratio of 20.21 and a beta of 1.06. The firm’s fifty day simple moving average is $163.85 and its 200-day simple moving average is $161.76.
iShares S&P Small-Cap 600 Growth ETF Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, September 15th. 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 dividend on an annualized basis and a dividend yield of 0.9%.
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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