Palisades Hudson Asset Management L.P. Reduces Stock Holdings in iShares S&P Small-Cap 600 Value ETF $IJS

Palisades Hudson Asset Management L.P. lowered its position in shares of iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) by 6.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 284,157 shares of the company’s stock after selling 20,850 shares during the quarter. iShares S&P Small-Cap 600 Value ETF accounts for approximately 12.5% of Palisades Hudson Asset Management L.P.’s investment portfolio, making the stock its biggest holding. Palisades Hudson Asset Management L.P. owned 0.46% of iShares S&P Small-Cap 600 Value ETF worth $32,314,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of IJS. Bank of America Corp DE raised its holdings in shares of iShares S&P Small-Cap 600 Value ETF by 0.6% in the 3rd quarter. Bank of America Corp DE now owns 3,285,564 shares of the company’s stock worth $363,350,000 after purchasing an additional 21,122 shares during the period. UBS Group AG raised its holdings in shares of iShares S&P Small-Cap 600 Value ETF by 7.8% in the 3rd quarter. UBS Group AG now owns 1,121,202 shares of the company’s stock worth $123,994,000 after purchasing an additional 80,921 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of iShares S&P Small-Cap 600 Value ETF by 6.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 713,490 shares of the company’s stock worth $79,114,000 after purchasing an additional 40,917 shares during the period. Tcfg Wealth Management LLC raised its holdings in shares of iShares S&P Small-Cap 600 Value ETF by 8,726.1% in the 3rd quarter. Tcfg Wealth Management LLC now owns 432,301 shares of the company’s stock worth $47,808,000 after purchasing an additional 427,403 shares during the period. Finally, HighTower Advisors LLC raised its holdings in shares of iShares S&P Small-Cap 600 Value ETF by 4.4% in the 3rd quarter. HighTower Advisors LLC now owns 388,201 shares of the company’s stock worth $42,932,000 after purchasing an additional 16,285 shares during the period. Institutional investors own 71.86% of the company’s stock.

iShares S&P Small-Cap 600 Value ETF Trading Down 0.8%

NYSEARCA:IJS opened at $127.65 on Thursday. The stock has a market capitalization of $7.84 billion, a PE ratio of 13.92 and a beta of 1.00. The firm’s 50 day moving average is $121.66 and its 200 day moving average is $117.93. iShares S&P Small-Cap 600 Value ETF has a 12 month low of $89.92 and a 12 month high of $130.03.

About iShares S&P Small-Cap 600 Value ETF

iShares S&P Small-Cap 600 Value ETF, formerly iShares S&P SmallCap 600 Value Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P SmallCap 600 Value Index (the Index). The Index measures the performance of the small-capitalization value sector of the United States equity market and consists of those stocks in the S&P SmallCap 600 Index exhibiting the strongest value characteristics. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.