Summit Financial Strategies Inc. Has $50.48 Million Stock Holdings in iShares Core S&P Small-Cap ETF $IJR

Summit Financial Strategies Inc. increased its stake in shares of iShares Core S&P Small-Cap ETF (NYSEARCA:IJR) by 5.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 340,374 shares of the exchange traded fund’s stock after acquiring an additional 16,897 shares during the quarter. iShares Core S&P Small-Cap ETF makes up about 3.5% of Summit Financial Strategies Inc.’s portfolio, making the stock its 10th largest position. Summit Financial Strategies Inc.’s holdings in iShares Core S&P Small-Cap ETF were worth $50,481,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its stake in iShares Core S&P Small-Cap ETF by 2.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 44,570,998 shares of the exchange traded fund’s stock valued at $6,610,325,000 after purchasing an additional 1,132,592 shares in the last quarter. Bank of America Corp DE boosted its position in shares of iShares Core S&P Small-Cap ETF by 0.6% during the 1st quarter. Bank of America Corp DE now owns 33,815,305 shares of the exchange traded fund’s stock worth $4,203,581,000 after purchasing an additional 209,882 shares in the last quarter. Morgan Stanley grew its stake in shares of iShares Core S&P Small-Cap ETF by 0.5% in the 4th quarter. Morgan Stanley now owns 18,064,089 shares of the exchange traded fund’s stock valued at $2,170,943,000 after buying an additional 86,538 shares during the period. LPL Financial LLC grew its stake in shares of iShares Core S&P Small-Cap ETF by 6.0% in the 4th quarter. LPL Financial LLC now owns 17,525,618 shares of the exchange traded fund’s stock valued at $2,106,229,000 after buying an additional 992,984 shares during the period. Finally, Raymond James Financial Inc. increased its position in iShares Core S&P Small-Cap ETF by 2.7% in the 4th quarter. Raymond James Financial Inc. now owns 14,095,517 shares of the exchange traded fund’s stock valued at $1,693,999,000 after buying an additional 366,136 shares in the last quarter. 66.92% of the stock is owned by institutional investors.

iShares Core S&P Small-Cap ETF Stock Performance

IJR stock opened at $144.25 on Wednesday. iShares Core S&P Small-Cap ETF has a fifty-two week low of $112.00 and a fifty-two week high of $150.69. The stock’s 50 day simple moving average is $146.48 and its 200 day simple moving average is $138.13. The company has a market cap of $108.74 billion, a P/E ratio of 16.52 and a beta of 1.01.

iShares Core S&P Small-Cap ETF Profile

iShares Core S&P Small-Cap ETF, formerly iShares S&P SmallCap 600 Index Fund, seeks investment results that correspond generally to the price and yield performance of the Standard & Poor’s SmallCap 600 Index (the Index). The Index measures the performance of publicly traded securities in the small-capitalization sector of the United States equity market. The Index serves as the underlying index for the S&P 600/Citigroup Growth and Value Index series. The component stocks are weighted according to the total float-adjusted market value of their outstanding shares.