Royal Bank of Canada Increases Holdings in iShares S&P Small-Cap 600 Growth ETF $IJT

Royal Bank of Canada grew its stake in iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) by 4.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 339,450 shares of the company’s stock after acquiring an additional 13,190 shares during the quarter. Royal Bank of Canada owned 0.75% of iShares S&P Small-Cap 600 Growth ETF worth $49,121,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. AQR Capital Management LLC boosted its stake in iShares S&P Small-Cap 600 Growth ETF by 238.6% in the 1st quarter. AQR Capital Management LLC now owns 7,565 shares of the company’s stock worth $942,000 after purchasing an additional 5,331 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in iShares S&P Small-Cap 600 Growth ETF in the second quarter worth about $256,000. Gamco Investors INC. ET AL bought a new position in shares of iShares S&P Small-Cap 600 Growth ETF in the second quarter worth approximately $220,000. NewEdge Advisors LLC grew its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 6.0% during the second quarter. NewEdge Advisors LLC now owns 10,312 shares of the company’s stock valued at $1,372,000 after buying an additional 586 shares during the last quarter. Finally, Peapack Gladstone Financial Corp grew its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 4.8% during the second quarter. Peapack Gladstone Financial Corp now owns 31,357 shares of the company’s stock valued at $4,172,000 after buying an additional 1,444 shares during 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 NASDAQ IJT opened at $172.70 on Monday. The firm has a market cap of $8.22 billion, a P/E ratio of 20.21 and a beta of 1.04. iShares S&P Small-Cap 600 Growth ETF has a twelve month low of $129.88 and a twelve month high of $179.65. The company has a 50 day moving average of $170.42 and a 200 day moving average of $158.65.

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

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued a dividend of $0.2566 per share. The ex-dividend date of this dividend was Monday, June 15th. This is an increase from iShares S&P Small-Cap 600 Growth ETF’s previous quarterly dividend of $0.22. This represents a $1.03 dividend on an annualized basis and a dividend yield of 0.6%.

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.