Novak & Powell Financial Services Inc. Grows Stake in iShares S&P Small-Cap 600 Growth ETF $IJT

Novak & Powell Financial Services Inc. raised its stake in iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) by 83.6% during the fourth quarter, Holdings Channel reports. The fund owned 22,015 shares of the company’s stock after buying an additional 10,025 shares during the period. iShares S&P Small-Cap 600 Growth ETF makes up approximately 1.5% of Novak & Powell Financial Services Inc.’s portfolio, making the stock its 16th largest position. Novak & Powell Financial Services Inc.’s holdings in iShares S&P Small-Cap 600 Growth ETF were worth $2,829,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its stake in iShares S&P Small-Cap 600 Growth ETF by 3,998.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 33,531,028 shares of the company’s stock valued at $4,733,240,000 after acquiring an additional 32,712,932 shares during the last quarter. UBS Group AG raised its position in shares of iShares S&P Small-Cap 600 Growth ETF by 0.6% in the third quarter. UBS Group AG now owns 1,068,064 shares of the company’s stock valued at $151,131,000 after purchasing an additional 6,157 shares during the period. M&T Bank Corp raised its position in shares of iShares S&P Small-Cap 600 Growth ETF by 31.2% in the third quarter. M&T Bank Corp now owns 550,176 shares of the company’s stock valued at $77,850,000 after purchasing an additional 130,915 shares during the period. Raymond James Financial Inc. raised its position in shares of iShares S&P Small-Cap 600 Growth ETF by 27.2% in the third quarter. Raymond James Financial Inc. now owns 460,368 shares of the company’s stock valued at $65,142,000 after purchasing an additional 98,568 shares during the period. Finally, HighTower Advisors LLC raised its position in shares of iShares S&P Small-Cap 600 Growth ETF by 1.3% in the fourth quarter. HighTower Advisors LLC now owns 368,628 shares of the company’s stock valued at $52,036,000 after purchasing an additional 4,571 shares during the period. 55.81% of the stock is currently owned by hedge funds and other institutional investors.

iShares S&P Small-Cap 600 Growth ETF Stock Down 0.0%

NASDAQ IJT opened at $164.38 on Friday. The company’s 50 day moving average is $155.22 and its 200-day moving average is $149.46. iShares S&P Small-Cap 600 Growth ETF has a 12-month low of $126.55 and a 12-month high of $165.61. The firm has a market cap of $7.45 billion, a P/E ratio of 20.21 and a beta of 1.07.

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

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