Royal Fund Management LLC Makes New $13.47 Million Investment in iShares S&P Small-Cap 600 Value ETF $IJS

Royal Fund Management LLC bought a new position in iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 113,743 shares of the company’s stock, valued at approximately $13,473,000. iShares S&P Small-Cap 600 Value ETF accounts for about 1.3% of Royal Fund Management LLC’s holdings, making the stock its 11th largest holding.

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

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

IJS opened at $135.86 on Thursday. The stock has a market capitalization of $8.13 billion, a price-to-earnings ratio of 13.92 and a beta of 0.99. The company has a fifty day moving average of $133.93 and a 200 day moving average of $126.79. iShares S&P Small-Cap 600 Value ETF has a fifty-two week low of $97.90 and a fifty-two week 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.