Arax Advisory Partners Invests $18.64 Million in iShares S&P Small-Cap 600 Growth ETF $IJT

Arax Advisory Partners purchased a new stake in iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 132,074 shares of the company’s stock, valued at approximately $18,644,000. Arax Advisory Partners owned approximately 0.30% of iShares S&P Small-Cap 600 Growth ETF at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Essex Financial Services Inc. boosted its stake in iShares S&P Small-Cap 600 Growth ETF by 1.0% in the 3rd quarter. Essex Financial Services Inc. now owns 7,237 shares of the company’s stock valued at $1,024,000 after buying an additional 72 shares in the last quarter. Taylor Financial Group Inc. boosted its stake in iShares S&P Small-Cap 600 Growth ETF by 0.4% in the 4th quarter. Taylor Financial Group Inc. now owns 17,639 shares of the company’s stock valued at $2,490,000 after buying an additional 79 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its stake in iShares S&P Small-Cap 600 Growth ETF by 3.3% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 2,482 shares of the company’s stock valued at $352,000 after buying an additional 80 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in iShares S&P Small-Cap 600 Growth ETF by 3.5% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 2,633 shares of the company’s stock valued at $372,000 after buying an additional 88 shares in the last quarter. Finally, Dearborn Partners LLC boosted its stake in iShares S&P Small-Cap 600 Growth ETF by 3.1% in the 4th quarter. Dearborn Partners LLC now owns 3,296 shares of the company’s stock valued at $465,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 55.81% of the company’s stock.

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

Shares of IJT stock opened at $169.03 on Friday. The stock’s fifty day simple moving average is $159.75 and its 200 day simple moving average is $151.43. The firm has a market cap of $7.66 billion, a price-to-earnings ratio of 20.21 and a beta of 1.06. iShares S&P Small-Cap 600 Growth ETF has a one year low of $127.77 and a one year high of $170.49.

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

The business also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were paid a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.88 annualized dividend and a yield of 0.5%.

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