Modern Wealth Management LLC Has $48.87 Million Holdings in iShares S&P Small-Cap 600 Value ETF $IJS

Modern Wealth Management LLC increased its position in iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) by 11,921.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 411,838 shares of the company’s stock after acquiring an additional 408,412 shares during the quarter. iShares S&P Small-Cap 600 Value ETF comprises about 0.8% of Modern Wealth Management LLC’s investment portfolio, making the stock its 28th biggest position. Modern Wealth Management LLC owned about 0.67% of iShares S&P Small-Cap 600 Value ETF worth $48,873,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Merrithew & Thorsten Inc bought a new stake in iShares S&P Small-Cap 600 Value ETF during the fourth quarter valued at about $25,000. Cornerstone Financial Management LLC acquired a new position in shares of iShares S&P Small-Cap 600 Value ETF during the 4th quarter worth about $26,000. Assetmark Inc. lifted its position in shares of iShares S&P Small-Cap 600 Value ETF by 138.8% during the 1st quarter. Assetmark Inc. now owns 234 shares of the company’s stock worth $28,000 after purchasing an additional 136 shares during the last quarter. Capital Investment Counsel Inc bought a new stake in iShares S&P Small-Cap 600 Value ETF during the 4th quarter valued at approximately $30,000. Finally, Monetary Solutions Ltd bought a new stake in iShares S&P Small-Cap 600 Value ETF during the 4th quarter valued at approximately $31,000. Institutional investors own 71.86% of the company’s stock.

iShares S&P Small-Cap 600 Value ETF Stock Down 1.0%

IJS opened at $135.64 on Friday. The stock’s 50 day moving average price is $133.11 and its two-hundred day moving average price is $126.27. The firm has a market capitalization of $8.10 billion, a P/E ratio of 13.92 and a beta of 0.99. iShares S&P Small-Cap 600 Value ETF has a 12-month low of $97.90 and a 12-month high of $138.60.

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.