Conning Inc. Sells 1,674,685 Shares of iShares S&P Small-Cap 600 Growth ETF $IJT

Conning Inc. reduced its position in iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) by 99.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,707 shares of the company’s stock after selling 1,674,685 shares during the period. Conning Inc.’s holdings in iShares S&P Small-Cap 600 Growth ETF were worth $434,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in 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 acquiring an additional 19,746 shares in the last quarter. 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 lifted its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 1.2% during the 1st quarter. Beaumont Financial Advisors LLC now owns 249,133 shares of the company’s stock worth $36,052,000 after purchasing an additional 3,035 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 18.2% during the 1st quarter. Cetera Investment Advisers now owns 203,028 shares of the company’s stock worth $29,380,000 after purchasing an additional 31,251 shares during the last quarter. Finally, Sterling Financial Planning Inc. boosted its position in iShares S&P Small-Cap 600 Growth ETF by 0.8% during the first quarter. Sterling Financial Planning Inc. now owns 129,856 shares of the company’s stock valued at $18,791,000 after purchasing an additional 1,008 shares in the last quarter. 55.81% of the stock is owned by hedge funds and other institutional investors.

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

Shares of IJT stock opened at $166.96 on Friday. The stock’s 50-day moving average is $164.97 and its 200 day moving average is $161.32. 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 company has a market cap of $7.63 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 declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This is a positive change 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 dividend yield of 0.9%.

iShares S&P Small-Cap 600 Growth ETF Company 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.