Novak & Powell Financial Services Inc. Boosts Position in iShares S&P Small-Cap 600 Growth ETF $IJT

Novak & Powell Financial Services Inc. grew its stake in shares of iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) by 95.3% during the third quarter, Holdings Channel reports. The firm owned 11,990 shares of the company’s stock after purchasing an additional 5,852 shares during the period. iShares S&P Small-Cap 600 Growth ETF makes up approximately 0.9% of Novak & Powell Financial Services Inc.’s investment portfolio, making the stock its 25th largest position. Novak & Powell Financial Services Inc.’s holdings in iShares S&P Small-Cap 600 Growth ETF were worth $1,697,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. AQR Capital Management LLC boosted its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 238.6% in the first quarter. AQR Capital Management LLC now owns 7,565 shares of the company’s stock valued at $942,000 after acquiring an additional 5,331 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 13.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 49,042 shares of the company’s stock valued at $6,525,000 after acquiring an additional 5,805 shares during the period. Foundations Investment Advisors LLC raised its position in iShares S&P Small-Cap 600 Growth ETF by 5.4% in the 2nd quarter. Foundations Investment Advisors LLC now owns 2,246 shares of the company’s stock valued at $299,000 after purchasing an additional 115 shares during the last quarter. Nordwand Advisors LLC purchased a new stake in iShares S&P Small-Cap 600 Growth ETF in the 2nd quarter valued at $146,000. Finally, Wealthspire Advisors LLC boosted its stake in iShares S&P Small-Cap 600 Growth ETF by 2.2% during the 2nd quarter. Wealthspire Advisors LLC now owns 10,652 shares of the company’s stock worth $1,417,000 after purchasing an additional 225 shares during the period. Hedge funds and other institutional investors own 55.81% of the company’s stock.

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

Shares of iShares S&P Small-Cap 600 Growth ETF stock opened at $144.22 on Tuesday. The company has a market capitalization of $6.39 billion, a P/E ratio of 20.21 and a beta of 1.09. iShares S&P Small-Cap 600 Growth ETF has a 1 year low of $107.38 and a 1 year high of $154.71. The company’s fifty day moving average is $149.80 and its two-hundred day moving average is $144.45.

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.