Droms Strauss Advisors Inc. MO ADV Makes New $7.93 Million Investment in iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT)

Droms Strauss Advisors Inc. MO ADV purchased a new stake in shares of iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 58,594 shares of the company’s stock, valued at approximately $7,932,000. iShares S&P Small-Cap 600 Growth ETF accounts for 2.6% of Droms Strauss Advisors Inc. MO ADV’s holdings, making the stock its 8th largest position. Droms Strauss Advisors Inc. MO ADV owned 0.12% of iShares S&P Small-Cap 600 Growth ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of IJT. LPL Financial LLC grew its position in iShares S&P Small-Cap 600 Growth ETF by 10.5% in the third quarter. LPL Financial LLC now owns 863,752 shares of the company’s stock worth $120,485,000 after acquiring an additional 82,307 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 6.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 403,693 shares of the company’s stock worth $56,311,000 after purchasing an additional 25,626 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 5.6% in the 3rd quarter. HighTower Advisors LLC now owns 329,721 shares of the company’s stock worth $46,024,000 after purchasing an additional 17,439 shares in the last quarter. Cerity Partners LLC increased its position in shares of iShares S&P Small-Cap 600 Growth ETF by 6.1% during the 3rd quarter. Cerity Partners LLC now owns 278,281 shares of the company’s stock valued at $38,817,000 after purchasing an additional 15,914 shares during the last quarter. Finally, Beaumont Financial Advisors LLC raised its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 25.3% during the 4th quarter. Beaumont Financial Advisors LLC now owns 239,852 shares of the company’s stock valued at $32,469,000 after buying an additional 48,416 shares in the last quarter. 55.81% of the stock is currently owned by institutional investors.

iShares S&P Small-Cap 600 Growth ETF Price Performance

Shares of IJT opened at $139.36 on Monday. iShares S&P Small-Cap 600 Growth ETF has a 1 year low of $121.20 and a 1 year high of $152.05. The stock has a 50 day simple moving average of $139.31 and a two-hundred day simple moving average of $138.96. The firm has a market cap of $6.62 billion, a P/E ratio of 14.69 and a beta of 1.13.

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

The firm also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were issued a $0.3508 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

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.