iShares Core S&P Small-Cap ETF (NYSEARCA:IJR) Shares Break Above 50 Day Moving Average – What’s Next?

iShares Core S&P Small-Cap ETF (NYSEARCA:IJR)’s share price passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $140.38 and traded as high as $142.10. iShares Core S&P Small-Cap ETF shares last traded at $142.01, with a volume of 6,281,715 shares changing hands.

iShares Core S&P Small-Cap ETF Stock Performance

The business’s fifty day moving average is $140.38 and its 200-day moving average is $136.99. The firm has a market cap of $106.35 billion, a P/E ratio of 16.52 and a beta of 1.03.

Hedge Funds Weigh In On iShares Core S&P Small-Cap ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in IJR. Tucker Asset Management LLC lifted its holdings in iShares Core S&P Small-Cap ETF by 41.5% during the 3rd quarter. Tucker Asset Management LLC now owns 1,572 shares of the exchange traded fund’s stock worth $214,000 after buying an additional 461 shares during the period. Gerber Kawasaki Wealth & Investment Management grew its position in shares of iShares Core S&P Small-Cap ETF by 3.4% in the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 10,615 shares of the exchange traded fund’s stock valued at $1,444,000 after buying an additional 351 shares during the last quarter. Next Level Wealth Planning LLC increased its stake in shares of iShares Core S&P Small-Cap ETF by 1.6% in the third quarter. Next Level Wealth Planning LLC now owns 103,563 shares of the exchange traded fund’s stock valued at $14,089,000 after buying an additional 1,667 shares during the period. Signature Equity Partners LLC increased its stake in shares of iShares Core S&P Small-Cap ETF by 9.9% in the third quarter. Signature Equity Partners LLC now owns 1,078 shares of the exchange traded fund’s stock valued at $147,000 after buying an additional 97 shares during the period. Finally, Hopwood Financial Services Inc. increased its stake in shares of iShares Core S&P Small-Cap ETF by 0.5% in the third quarter. Hopwood Financial Services Inc. now owns 58,283 shares of the exchange traded fund’s stock valued at $7,929,000 after buying an additional 306 shares during the period. 66.92% of the stock is currently owned by institutional investors and hedge funds.

About iShares Core S&P Small-Cap ETF

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.