PNC Financial Services Group Inc. Sells 17,037 Shares of iShares S&P Small-Cap 600 Growth ETF $IJT

PNC Financial Services Group Inc. lessened its stake in shares of iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) by 1.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 867,154 shares of the company’s stock after selling 17,037 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares S&P Small-Cap 600 Growth ETF were worth $125,486,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 3,998.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 33,531,028 shares of the company’s stock valued at $4,733,240,000 after acquiring an additional 32,712,932 shares in the last quarter. UBS Group AG grew its holdings in iShares S&P Small-Cap 600 Growth ETF by 0.6% during the third quarter. UBS Group AG now owns 1,068,064 shares of the company’s stock valued at $151,131,000 after purchasing an additional 6,157 shares during the last quarter. LPL Financial LLC grew its holdings in iShares S&P Small-Cap 600 Growth ETF by 0.5% during the fourth quarter. LPL Financial LLC now owns 957,106 shares of the company’s stock valued at $135,105,000 after purchasing an additional 4,940 shares during the last quarter. Brown Advisory Inc. raised its position in shares of 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 valued at $118,031,000 after purchasing an additional 299,807 shares during the period. Finally, Raymond James Financial Inc. raised its position in shares of iShares S&P Small-Cap 600 Growth ETF by 27.2% in the third quarter. Raymond James Financial Inc. now owns 460,368 shares of the company’s stock valued at $65,142,000 after purchasing an additional 98,568 shares during the period. Institutional investors and hedge funds own 55.81% of the company’s stock.

iShares S&P Small-Cap 600 Growth ETF Trading Down 0.9%

Shares of iShares S&P Small-Cap 600 Growth ETF stock opened at $172.16 on Thursday. The firm has a fifty day simple moving average of $168.70 and a 200-day simple moving average of $157.35. iShares S&P Small-Cap 600 Growth ETF has a 1-year low of $129.88 and a 1-year high of $179.65. The stock has a market capitalization of $8.26 billion, a price-to-earnings ratio of 20.21 and a beta of 1.04.

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

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued a $0.2566 dividend. This is a boost from iShares S&P Small-Cap 600 Growth ETF’s previous quarterly dividend of $0.22. The ex-dividend date was Monday, June 15th. This represents a $1.03 annualized dividend and a yield of 0.6%.

iShares S&P Small-Cap 600 Growth ETF Company 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.