Drive Wealth Management LLC Increases Stake in iShares Core S&P Small-Cap ETF (NYSEARCA:IJR)

Drive Wealth Management LLC increased its position in shares of iShares Core S&P Small-Cap ETF (NYSEARCA:IJR) by 34.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 24,248 shares of the exchange traded fund’s stock after purchasing an additional 6,273 shares during the quarter. iShares Core S&P Small-Cap ETF comprises approximately 0.8% of Drive Wealth Management LLC’s investment portfolio, making the stock its 20th biggest position. Drive Wealth Management LLC’s holdings in iShares Core S&P Small-Cap ETF were worth $2,625,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC increased its stake in iShares Core S&P Small-Cap ETF by 118,698.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 738,286,464 shares of the exchange traded fund’s stock worth $69,871,431,000 after purchasing an additional 737,665,005 shares during the period. Citigroup Inc. increased its stake in iShares Core S&P Small-Cap ETF by 313.2% in the 3rd quarter. Citigroup Inc. now owns 1,823,695 shares of the exchange traded fund’s stock worth $172,029,000 after buying an additional 1,382,354 shares during the period. Comerica Bank bought a new stake in iShares Core S&P Small-Cap ETF during the 3rd quarter valued at about $120,140,000. Cowa LLC lifted its holdings in iShares Core S&P Small-Cap ETF by 5,333.8% during the 1st quarter. Cowa LLC now owns 1,283,582 shares of the exchange traded fund’s stock valued at $1,670,000 after buying an additional 1,259,960 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in iShares Core S&P Small-Cap ETF by 7.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 17,414,739 shares of the exchange traded fund’s stock valued at $1,642,732,000 after buying an additional 1,214,523 shares during the period.

iShares Core S&P Small-Cap ETF Price Performance

IJR stock traded down $1.13 during mid-day trading on Monday, reaching $109.39. The company had a trading volume of 3,655,116 shares, compared to its average volume of 4,562,335. The firm has a 50 day moving average of $106.69 and a 200 day moving average of $100.91. iShares Core S&P Small-Cap ETF has a 12 month low of $87.32 and a 12 month high of $111.16. The company has a market capitalization of $76.41 billion, a PE ratio of 12.11 and a beta of 1.15.

iShares Core S&P Small-Cap ETF Profile

iShares Core S&P Small-Cap ETF, formerly iShares S&P SmallCap 600 Index Fund, seeks investment results that correspond generally to the price and yield performance of the Standard & Poor’s SmallCap 600 Index (the Index). The Index measures the performance of publicly traded securities in the small-capitalization sector of the United States equity market.