HighTower Advisors LLC Increases Stock Position in iShares S&P Small-Cap 600 Growth ETF $IJT

HighTower Advisors LLC boosted its stake in iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) by 1.3% during the fourth quarter, HoldingsChannel reports. The firm owned 368,628 shares of the company’s stock after buying an additional 4,571 shares during the period. HighTower Advisors LLC’s holdings in iShares S&P Small-Cap 600 Growth ETF were worth $52,036,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. raised its stake in iShares S&P Small-Cap 600 Growth ETF by 1.1% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 16,080 shares of the company’s stock valued at $2,270,000 after purchasing an additional 169 shares in the last quarter. Mission Wealth Management LP raised its stake in iShares S&P Small-Cap 600 Growth ETF by 7.2% in the fourth quarter. Mission Wealth Management LP now owns 9,450 shares of the company’s stock valued at $1,334,000 after purchasing an additional 638 shares in the last quarter. Soltis Investment Advisors LLC raised its stake in iShares S&P Small-Cap 600 Growth ETF by 4.7% in the fourth quarter. Soltis Investment Advisors LLC now owns 17,093 shares of the company’s stock valued at $2,413,000 after purchasing an additional 770 shares in the last quarter. Stephens Inc. AR raised its stake in iShares S&P Small-Cap 600 Growth ETF by 3.2% in the fourth quarter. Stephens Inc. AR now owns 7,066 shares of the company’s stock valued at $997,000 after purchasing an additional 216 shares in the last quarter. Finally, AlphaCore Capital LLC raised its stake in iShares S&P Small-Cap 600 Growth ETF by 258,421.1% in the fourth quarter. AlphaCore Capital LLC now owns 196,476 shares of the company’s stock valued at $27,735,000 after purchasing an additional 196,400 shares in the last quarter. 55.81% of the stock is owned by hedge funds and other institutional investors.

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

Shares of IJT opened at $160.58 on Friday. The firm’s 50 day simple moving average is $153.28 and its 200 day simple moving average is $148.61. The company has a market capitalization of $7.27 billion, a P/E ratio of 20.21 and a beta of 1.07. iShares S&P Small-Cap 600 Growth ETF has a 1-year low of $125.24 and a 1-year high of $164.85.

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

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

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.