USA Financial Formulas Buys 16,919 Shares of iShares S&P Small-Cap 600 Growth ETF $IJT

USA Financial Formulas purchased a new position in shares of iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,919 shares of the company’s stock, valued at approximately $2,713,000. iShares S&P Small-Cap 600 Growth ETF makes up approximately 0.5% of USA Financial Formulas’ holdings, making the stock its 11th biggest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of America Corp DE raised its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 1.0% in the first quarter. Bank of America Corp DE now owns 2,046,459 shares of the company’s stock valued at $296,143,000 after acquiring an additional 19,746 shares in the last quarter. Royal Bank of Canada lifted its stake in iShares S&P Small-Cap 600 Growth ETF by 4.0% in the first quarter. Royal Bank of Canada now owns 339,450 shares of the company’s stock worth $49,121,000 after acquiring an additional 13,190 shares during the period. Beaumont Financial Advisors LLC lifted its stake in iShares S&P Small-Cap 600 Growth ETF by 1.2% in the first quarter. Beaumont Financial Advisors LLC now owns 249,133 shares of the company’s stock worth $36,052,000 after acquiring an additional 3,035 shares during the period. Cetera Investment Advisers lifted its stake in iShares S&P Small-Cap 600 Growth ETF by 18.2% in the first quarter. Cetera Investment Advisers now owns 203,028 shares of the company’s stock worth $29,380,000 after acquiring an additional 31,251 shares during the period. Finally, Falcon Wealth Planning lifted its stake in iShares S&P Small-Cap 600 Growth ETF by 6.2% in the first quarter. Falcon Wealth Planning now owns 178,532 shares of the company’s stock worth $25,835,000 after acquiring an additional 10,478 shares during the period. Institutional investors own 55.81% of the company’s stock.

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

Shares of iShares S&P Small-Cap 600 Growth ETF stock opened at $158.97 on Friday. iShares S&P Small-Cap 600 Growth ETF has a 1 year low of $132.98 and a 1 year high of $179.68. The firm’s 50-day moving average is $167.39 and its two-hundred day moving average is $165.98. The stock has a market cap of $7.46 billion, a price-to-earnings ratio of 20.21 and a beta of 1.05.

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

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

iShares S&P Small-Cap 600 Growth ETF 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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.