Novak & Powell Financial Services Inc. Reduces Stock Position in iShares S&P Small-Cap 600 Value ETF $IJS

Novak & Powell Financial Services Inc. reduced its holdings in shares of iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) by 60.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,922 shares of the company’s stock after selling 10,468 shares during the quarter. Novak & Powell Financial Services Inc.’s holdings in iShares S&P Small-Cap 600 Value ETF were worth $787,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Certuity LLC purchased a new stake in iShares S&P Small-Cap 600 Value ETF during the 4th quarter worth about $495,000. Comerica Bank lifted its holdings in iShares S&P Small-Cap 600 Value ETF by 6.7% during the 4th quarter. Comerica Bank now owns 95,512 shares of the company’s stock worth $10,862,000 after purchasing an additional 5,958 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in iShares S&P Small-Cap 600 Value ETF by 4.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 325,609 shares of the company’s stock worth $35,908,000 after purchasing an additional 15,151 shares in the last quarter. Powerhouse Assets LLC purchased a new stake in iShares S&P Small-Cap 600 Value ETF during the 4th quarter worth about $1,014,000. Finally, Vestmark Advisory Solutions Inc. purchased a new stake in iShares S&P Small-Cap 600 Value ETF during the 3rd quarter worth about $23,118,000. 71.86% of the stock is currently owned by hedge funds and other institutional investors.

iShares S&P Small-Cap 600 Value ETF Stock Performance

Shares of IJS opened at $131.70 on Friday. The stock’s 50-day simple moving average is $124.58 and its 200 day simple moving average is $120.37. The stock has a market capitalization of $8.06 billion, a price-to-earnings ratio of 13.92 and a beta of 1.01. iShares S&P Small-Cap 600 Value ETF has a 52-week low of $94.17 and a 52-week high of $132.41.

iShares S&P Small-Cap 600 Value ETF Company Profile

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.