16,957 Shares of iShares S&P Small-Cap 600 Value ETF $IJS Acquired by First Merchants Corp

First Merchants Corp acquired a new position in shares of iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) during the third quarter, HoldingsChannel.com reports. The fund acquired 16,957 shares of the company’s stock, valued at approximately $2,172,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. USA Financial Formulas purchased a new stake in shares of iShares S&P Small-Cap 600 Value ETF in the first quarter worth about $109,900,000. Modern Wealth Management LLC grew its stake in shares of iShares S&P Small-Cap 600 Value ETF by 11,921.0% in the first quarter. Modern Wealth Management LLC now owns 411,838 shares of the company’s stock valued at $48,873,000 after buying an additional 408,412 shares in the last quarter. Sharp Wealth Advisory LLC acquired a new stake in shares of iShares S&P Small-Cap 600 Value ETF in the first quarter valued at about $32,233,000. Concurrent Investment Advisors LLC raised its holdings in shares of iShares S&P Small-Cap 600 Value ETF by 208.7% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 188,438 shares of the company’s stock valued at $25,756,000 after buying an additional 127,398 shares during the period. Finally, Royal Fund Management LLC purchased a new stake in shares of iShares S&P Small-Cap 600 Value ETF during the 1st quarter valued at about $13,473,000. Institutional investors and hedge funds own 71.86% of the company’s stock.

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

iShares S&P Small-Cap 600 Value ETF stock opened at $129.66 on Friday. The stock’s 50 day moving average price is $134.12 and its 200 day moving average price is $131.98. The firm has a market capitalization of $7.54 billion, a PE ratio of 13.92 and a beta of 1.02. iShares S&P Small-Cap 600 Value ETF has a one year low of $104.63 and a one year high of $141.18.

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.