Arax Advisory Partners Makes New $18.64 Million Investment in iShares S&P Small-Cap 600 Growth ETF $IJT

Arax Advisory Partners acquired a new position in iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) during the fourth quarter, HoldingsChannel reports. The fund acquired 132,074 shares of the company’s stock, valued at approximately $18,644,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Brown Advisory Inc. boosted its stake in iShares S&P Small-Cap 600 Growth ETF by 55.9% in the fourth quarter. Brown Advisory Inc. now owns 836,147 shares of the company’s stock worth $118,031,000 after purchasing an additional 299,807 shares in the last quarter. Kestra Advisory Services LLC boosted its stake in iShares S&P Small-Cap 600 Growth ETF by 1.2% in the fourth quarter. Kestra Advisory Services LLC now owns 59,534 shares of the company’s stock worth $8,404,000 after purchasing an additional 721 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in iShares S&P Small-Cap 600 Growth ETF by 10.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 9,446 shares of the company’s stock worth $1,333,000 after purchasing an additional 902 shares in the last quarter. Fortis Capital Management LLC acquired a new position in iShares S&P Small-Cap 600 Growth ETF in the fourth quarter worth $274,000. Finally, Smartleaf Asset Management LLC acquired a new position in iShares S&P Small-Cap 600 Growth ETF in the fourth quarter worth $36,000. Institutional investors and hedge funds own 55.81% of the company’s stock.

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

iShares S&P Small-Cap 600 Growth ETF stock opened at $169.03 on Friday. The firm has a market cap of $7.66 billion, a P/E ratio of 20.21 and a beta of 1.06. The business’s fifty day moving average is $159.75 and its two-hundred day moving average is $151.43. iShares S&P Small-Cap 600 Growth ETF has a 52 week low of $127.77 and a 52 week high of $170.49.

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

The company also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, March 17th.

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.