iShares S&P Small-Cap 600 Growth ETF $IJT Shares Newly Acquired by Droms Strauss Advisors Inc. MO ADV

Droms Strauss Advisors Inc. MO ADV purchased a new stake in iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) in the 3rd quarter, HoldingsChannel reports. The firm purchased 16,558 shares of the company’s stock, valued at approximately $2,655,000. iShares S&P Small-Cap 600 Growth ETF accounts for approximately 0.6% of Droms Strauss Advisors Inc. MO ADV’s investment portfolio, making the stock its 29th biggest position.

Several other institutional investors and hedge funds have also recently modified their holdings of IJT. Commonwealth Equity Services LLC acquired a new position in iShares S&P Small-Cap 600 Growth ETF in the 3rd quarter worth about $79,045,000. Lee Financial Co acquired a new position in iShares S&P Small-Cap 600 Growth ETF in the 3rd quarter valued at $17,702,000. Royal Fund Management LLC raised its stake in iShares S&P Small-Cap 600 Growth ETF by 1,257.8% in the 3rd quarter. Royal Fund Management LLC now owns 104,432 shares of the company’s stock valued at $16,744,000 after purchasing an additional 96,741 shares during the last quarter. Sigma Planning Corp purchased a new position in iShares S&P Small-Cap 600 Growth ETF in the 3rd quarter valued at $8,224,000. Finally, Ifrah Financial Services Inc. purchased a new position in iShares S&P Small-Cap 600 Growth ETF in the 3rd quarter valued at $7,917,000. Hedge funds and other institutional investors own 55.81% of the company’s stock.

iShares S&P Small-Cap 600 Growth ETF Trading Up 0.7%

IJT traded up $1.18 on Friday, hitting $161.31. 118,073 shares of the company’s stock were exchanged, compared to its average volume of 170,114. iShares S&P Small-Cap 600 Growth ETF has a fifty-two week low of $132.98 and a fifty-two week high of $179.68. The firm has a 50-day moving average price of $163.85 and a 200-day moving average price of $161.76. The stock has a market cap of $7.32 billion, a price-to-earnings ratio of 20.21 and a beta of 1.06.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were paid a $0.36 dividend. This is an increase 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%. The ex-dividend date of this dividend was Tuesday, September 15th.

About iShares S&P Small-Cap 600 Growth ETF

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.