Asset Dedication LLC Makes New $3.03 Million Investment in iShares S&P Small-Cap 600 Growth ETF $IJT

Asset Dedication LLC purchased a new stake in shares of iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 18,901 shares of the company’s stock, valued at approximately $3,030,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Albion Financial Group UT bought a new position in shares of iShares S&P Small-Cap 600 Growth ETF in the third quarter worth about $26,000. Signaturefd LLC bought a new stake in iShares S&P Small-Cap 600 Growth ETF during the 3rd quarter valued at approximately $28,000. Ashton Thomas Securities LLC bought a new stake in iShares S&P Small-Cap 600 Growth ETF during the 1st quarter valued at approximately $37,000. Horizons Wealth Management acquired a new stake in iShares S&P Small-Cap 600 Growth ETF in the 3rd quarter valued at approximately $43,000. Finally, Financial Network Wealth Advisors LLC acquired a new stake in iShares S&P Small-Cap 600 Growth ETF in the 3rd quarter valued at approximately $52,000. 55.81% of the stock is owned by institutional investors and hedge funds.

iShares S&P Small-Cap 600 Growth ETF Stock Up 0.7%

NASDAQ IJT traded up $1.18 during trading on Friday, hitting $161.31. The company’s stock had a trading volume of 118,073 shares, compared to its average volume of 170,114. iShares S&P Small-Cap 600 Growth ETF has a 52 week low of $132.98 and a 52 week high of $179.68. The firm has a market cap of $7.32 billion, a P/E ratio of 20.21 and a beta of 1.06. The firm has a 50 day moving average price of $163.85 and a 200 day moving average price of $161.76.

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

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were issued a $0.36 dividend. This is a boost from iShares S&P Small-Cap 600 Growth ETF’s previous quarterly dividend of $0.2566. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.44 dividend on an annualized basis and a yield of 0.9%.

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