USA Financial Formulas Makes New $2.71 Million Investment in iShares S&P Small-Cap 600 Growth ETF $IJT

USA Financial Formulas bought a new stake in shares of iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 16,919 shares of the company’s stock, valued at approximately $2,713,000. iShares S&P Small-Cap 600 Growth ETF makes up about 0.5% of USA Financial Formulas’ portfolio, making the stock its 11th biggest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of America Corp DE increased its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 1.0% in the 1st quarter. Bank of America Corp DE now owns 2,046,459 shares of the company’s stock valued at $296,143,000 after acquiring an additional 19,746 shares during the period. Royal Bank of Canada raised its position 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 worth $49,121,000 after acquiring an additional 13,190 shares in the last quarter. Beaumont Financial Advisors LLC raised its position 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 worth $36,052,000 after acquiring an additional 3,035 shares in the last quarter. Cetera Investment Advisers raised its position 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 worth $29,380,000 after acquiring an additional 31,251 shares in the last quarter. Finally, Falcon Wealth Planning lifted its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 6.2% during the 1st quarter. Falcon Wealth Planning now owns 178,532 shares of the company’s stock worth $25,835,000 after purchasing an additional 10,478 shares during the last quarter. 55.81% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of NASDAQ IJT opened at $158.97 on Friday. iShares S&P Small-Cap 600 Growth ETF has a 1-year low of $132.98 and a 1-year high of $179.68. The business has a fifty day moving average price of $167.39 and a 200 day moving average price of $165.98. The stock has a market capitalization of $7.46 billion, a P/E 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 issued a $0.36 dividend. 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 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Tuesday, September 15th.

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.