iShares S&P Small-Cap 600 Growth ETF $IJT Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its stake in iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) by 2.3% in the third quarter, Holdings Channel reports. The firm owned 899,545 shares of the company’s stock after selling 21,526 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares S&P Small-Cap 600 Growth ETF were worth $127,286,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 1.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 810,556 shares of the company’s stock worth $107,836,000 after buying an additional 9,000 shares during the last quarter. Brown Advisory Inc. increased its position in shares of iShares S&P Small-Cap 600 Growth ETF by 59.0% in the 2nd quarter. Brown Advisory Inc. now owns 471,121 shares of the company’s stock valued at $62,678,000 after acquiring an additional 174,750 shares during the period. HighTower Advisors LLC raised its stake in iShares S&P Small-Cap 600 Growth ETF by 5.6% in the 3rd quarter. HighTower Advisors LLC now owns 364,057 shares of the company’s stock worth $51,516,000 after acquiring an additional 19,237 shares during the last quarter. Raymond James Financial Inc. lifted its position in iShares S&P Small-Cap 600 Growth ETF by 4.0% during the 2nd quarter. Raymond James Financial Inc. now owns 361,800 shares of the company’s stock worth $48,134,000 after acquiring an additional 13,975 shares during the period. Finally, Cerity Partners LLC grew its stake in iShares S&P Small-Cap 600 Growth ETF by 2.4% during the 2nd quarter. Cerity Partners LLC now owns 298,748 shares of the company’s stock valued at $39,746,000 after purchasing an additional 7,131 shares during the last quarter. Institutional investors and hedge funds own 55.81% of the company’s stock.

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

Shares of IJT stock opened at $152.49 on Monday. iShares S&P Small-Cap 600 Growth ETF has a fifty-two week low of $107.38 and a fifty-two week high of $154.71. The firm has a market capitalization of $6.76 billion, a PE ratio of 20.21 and a beta of 1.09. The stock’s 50-day simple moving average is $147.49 and its 200-day simple moving average is $142.58.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were issued a $0.4214 dividend. This is a boost from iShares S&P Small-Cap 600 Growth ETF’s previous quarterly dividend of $0.31. The ex-dividend date was Tuesday, December 16th. This represents a $1.69 annualized dividend and a yield of 1.1%.

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.