Summit Financial Strategies Inc. Increases Stock Holdings in iShares Core S&P Small-Cap ETF $IJR

Summit Financial Strategies Inc. increased its stake in shares of iShares Core S&P Small-Cap ETF (NYSEARCA:IJR) by 14.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 323,477 shares of the exchange traded fund’s stock after buying an additional 41,820 shares during the quarter. iShares Core S&P Small-Cap ETF accounts for 3.2% of Summit Financial Strategies Inc.’s investment portfolio, making the stock its 11th largest holding. Summit Financial Strategies Inc.’s holdings in iShares Core S&P Small-Cap ETF were worth $40,211,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of IJR. Bank of America Corp DE raised its holdings in shares of iShares Core S&P Small-Cap ETF by 6.0% in the fourth quarter. Bank of America Corp DE now owns 33,605,423 shares of the exchange traded fund’s stock valued at $4,038,700,000 after purchasing an additional 1,901,134 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its holdings in iShares Core S&P Small-Cap ETF by 35.0% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 6,236,257 shares of the exchange traded fund’s stock worth $749,473,000 after purchasing an additional 1,617,116 shares during the last quarter. Valpey Financial Services LLC boosted its holdings in iShares Core S&P Small-Cap ETF by 12,132.4% during the fourth quarter. Valpey Financial Services LLC now owns 1,405,019 shares of the exchange traded fund’s stock worth $168,855,000 after purchasing an additional 1,393,533 shares during the last quarter. Nationwide Fund Advisors grew its position in iShares Core S&P Small-Cap ETF by 98.8% in the 4th quarter. Nationwide Fund Advisors now owns 2,103,860 shares of the exchange traded fund’s stock worth $252,842,000 after purchasing an additional 1,045,425 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in iShares Core S&P Small-Cap ETF by 2.5% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 42,327,458 shares of the exchange traded fund’s stock worth $5,029,772,000 after purchasing an additional 1,024,536 shares in the last quarter. 66.92% of the stock is owned by hedge funds and other institutional investors.

iShares Core S&P Small-Cap ETF Stock Performance

NYSEARCA:IJR traded up $0.09 on Friday, hitting $145.56. The stock had a trading volume of 2,329,584 shares, compared to its average volume of 5,445,955. iShares Core S&P Small-Cap ETF has a 1 year low of $107.08 and a 1 year high of $149.35. The firm’s fifty day simple moving average is $140.78 and its two-hundred day simple moving average is $132.29. The stock has a market cap of $109.42 billion, a P/E ratio of 16.52 and a beta of 1.01.

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. The Index serves as the underlying index for the S&P 600/Citigroup Growth and Value Index series. The component stocks are weighted according to the total float-adjusted market value of their outstanding shares.