iShares S&P Small-Cap 600 Growth ETF $IJT Shares Newly Acquired by Richards Merrill & Peterson Inc.

Richards Merrill & Peterson Inc. bought a new stake in iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) during the 3rd quarter, Holdings Channel reports. The fund bought 5,175 shares of the company’s stock, valued at approximately $830,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in shares of iShares S&P Small-Cap 600 Growth ETF by 1.0% during the 1st quarter. Bank of America Corp DE now owns 2,046,459 shares of the company’s stock worth $296,143,000 after buying an additional 19,746 shares during the period. Royal Bank of Canada increased its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 4.0% in the 1st quarter. Royal Bank of Canada now owns 339,450 shares of the company’s stock valued at $49,121,000 after acquiring an additional 13,190 shares during the last quarter. Beaumont Financial Advisors LLC increased its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 1.2% in the 1st quarter. Beaumont Financial Advisors LLC now owns 249,133 shares of the company’s stock valued at $36,052,000 after acquiring an additional 3,035 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 18.2% in the 1st quarter. Cetera Investment Advisers now owns 203,028 shares of the company’s stock valued at $29,380,000 after acquiring an additional 31,251 shares during the last quarter. Finally, Falcon Wealth Planning raised its position in shares of iShares S&P Small-Cap 600 Growth ETF by 6.2% in the 1st quarter. Falcon Wealth Planning now owns 178,532 shares of the company’s stock valued at $25,835,000 after acquiring an additional 10,478 shares during the period. Institutional investors own 55.81% of the company’s stock.

iShares S&P Small-Cap 600 Growth ETF Trading Up 0.4%

Shares of NASDAQ:IJT traded up $0.56 during mid-day trading on Monday, reaching $159.53. The stock had a trading volume of 176,708 shares, compared to its average volume of 162,236. The firm has a 50 day simple moving average of $167.39 and a two-hundred day simple moving average of $166.16. 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 cap of $7.48 billion, a PE ratio of 20.21 and a beta of 1.05.

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

The company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were paid a $0.36 dividend. 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 annualized dividend and a yield of 0.9%.

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.