Pinnacle Financial Partners Inc Has $16.76 Million Stake in iShares S&P Small-Cap 600 Growth ETF $IJT

Pinnacle Financial Partners Inc trimmed its stake in iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) by 8.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 118,435 shares of the company’s stock after selling 10,949 shares during the period. Pinnacle Financial Partners Inc’s holdings in iShares S&P Small-Cap 600 Growth ETF were worth $16,759,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Angeles Wealth Management LLC bought a new position in shares of iShares S&P Small-Cap 600 Growth ETF in the second quarter valued at approximately $27,000. Quaker Wealth Management LLC boosted its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 200.5% during the 2nd quarter. Quaker Wealth Management LLC now owns 219 shares of the company’s stock worth $29,000 after buying an additional 437 shares during the period. Beacon Capital Management LLC grew its stake in iShares S&P Small-Cap 600 Growth ETF by 803.3% in the 2nd quarter. Beacon Capital Management LLC now owns 271 shares of the company’s stock valued at $36,000 after buying an additional 241 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in iShares S&P Small-Cap 600 Growth ETF in the 3rd quarter worth $36,000. Finally, Trust Co. of Toledo NA OH bought a new position in iShares S&P Small-Cap 600 Growth ETF in the 2nd quarter worth $41,000. 55.81% of the stock is currently owned by institutional investors and hedge funds.

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

IJT stock opened at $150.75 on Friday. The stock has a market capitalization of $6.70 billion, a price-to-earnings ratio of 20.21 and a beta of 1.09. The company has a 50-day moving average of $143.18 and a two-hundred day moving average of $140.40. iShares S&P Small-Cap 600 Growth ETF has a 52-week low of $107.38 and a 52-week high of $151.71.

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

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were given a dividend of $0.4214 per share. This represents a $1.69 dividend on an annualized basis and a yield of 1.1%. This is an increase from iShares S&P Small-Cap 600 Growth ETF’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Tuesday, December 16th.

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.