Phillips Financial Management LLC Has $15.40 Million Position in iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS)

Phillips Financial Management LLC reduced its stake in shares of iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) by 24.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,787 shares of the company’s stock after selling 46,863 shares during the quarter. iShares S&P Small-Cap 600 Value ETF accounts for 1.2% of Phillips Financial Management LLC’s portfolio, making the stock its 23rd largest position. Phillips Financial Management LLC’s holdings in iShares S&P Small-Cap 600 Value ETF were worth $15,399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Palouse Capital Management Inc. acquired a new stake in shares of iShares S&P Small-Cap 600 Value ETF in the fourth quarter valued at $27,000. New Wave Wealth Advisors LLC acquired a new stake in shares of iShares S&P Small-Cap 600 Value ETF in the fourth quarter valued at $29,000. Pacific Center for Financial Services acquired a new stake in shares of iShares S&P Small-Cap 600 Value ETF in the third quarter valued at $43,000. Register Financial Advisors LLC bought a new position in iShares S&P Small-Cap 600 Value ETF in the fourth quarter valued at about $44,000. Finally, Smartleaf Asset Management LLC boosted its holdings in iShares S&P Small-Cap 600 Value ETF by 100.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 431 shares of the company’s stock valued at $47,000 after acquiring an additional 216 shares during the last quarter.

iShares S&P Small-Cap 600 Value ETF Stock Down 0.6 %

iShares S&P Small-Cap 600 Value ETF stock opened at $97.59 on Thursday. The business’s 50-day simple moving average is $107.66 and its 200 day simple moving average is $108.84. The stock has a market cap of $6.75 billion, a price-to-earnings ratio of 14.55 and a beta of 1.18. iShares S&P Small-Cap 600 Value ETF has a 12-month low of $93.89 and a 12-month high of $119.28.

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.