First Merchants Corp Sells 605 Shares of iShares S&P Small-Cap 600 Growth ETF $IJT

First Merchants Corp decreased its stake in iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) by 3.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 16,165 shares of the company’s stock after selling 605 shares during the period. First Merchants Corp’s holdings in iShares S&P Small-Cap 600 Growth ETF were worth $2,151,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Twelve Points Wealth Management LLC bought a new stake in shares of iShares S&P Small-Cap 600 Growth ETF in the second quarter valued at approximately $211,000. San Luis Wealth Advisors LLC bought a new stake in shares of iShares S&P Small-Cap 600 Growth ETF in the second quarter valued at approximately $4,000,000. LPL Financial LLC raised its position in shares of iShares S&P Small-Cap 600 Growth ETF by 5.5% in the first quarter. LPL Financial LLC now owns 889,343 shares of the company’s stock valued at $110,723,000 after purchasing an additional 46,427 shares during the period. GAMMA Investing LLC bought a new stake in shares of iShares S&P Small-Cap 600 Growth ETF in the first quarter valued at approximately $1,008,000. Finally, Neumann Capital Management LLC raised its position in shares of iShares S&P Small-Cap 600 Growth ETF by 3.1% in the second quarter. Neumann Capital Management LLC now owns 28,560 shares of the company’s stock valued at $3,800,000 after purchasing an additional 860 shares during the period. Institutional investors own 55.81% of the company’s stock.

iShares S&P Small-Cap 600 Growth ETF Stock Up 0.9%

NASDAQ IJT opened at $141.90 on Thursday. The company’s 50 day moving average is $139.55 and its 200-day moving average is $131.63. iShares S&P Small-Cap 600 Growth ETF has a 12-month low of $107.38 and a 12-month high of $152.05. The firm has a market cap of $6.28 billion, a P/E ratio of 20.21 and a beta of 1.13.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Tuesday, September 16th were given a $0.314 dividend. This represents a $1.26 annualized dividend and a dividend yield of 0.9%. This is an increase from iShares S&P Small-Cap 600 Growth ETF’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Tuesday, September 16th.

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.