MMA Asset Management LLC Decreases Stake in iShares S&P Small-Cap 600 Growth ETF $IJT

MMA Asset Management LLC cut its holdings in shares of iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) by 10.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 28,459 shares of the company’s stock after selling 3,440 shares during the quarter. iShares S&P Small-Cap 600 Growth ETF comprises approximately 1.3% of MMA Asset Management LLC’s holdings, making the stock its 19th biggest position. MMA Asset Management LLC’s holdings in iShares S&P Small-Cap 600 Growth ETF were worth $4,027,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rovin Capital UT ADV raised its position in shares of iShares S&P Small-Cap 600 Growth ETF by 2.0% in the second quarter. Rovin Capital UT ADV now owns 4,364 shares of the company’s stock valued at $581,000 after purchasing an additional 84 shares during the period. Hazlett Burt & Watson Inc. grew its stake in iShares S&P Small-Cap 600 Growth ETF by 3.7% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 2,402 shares of the company’s stock valued at $342,000 after buying an additional 85 shares in the last quarter. Johnson Investment Counsel Inc. raised its holdings in iShares S&P Small-Cap 600 Growth ETF by 1.5% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 5,688 shares of the company’s stock valued at $757,000 after acquiring an additional 86 shares during the period. EP Wealth Advisors LLC raised its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 1.1% during the 2nd quarter. EP Wealth Advisors LLC now owns 10,181 shares of the company’s stock valued at $1,354,000 after purchasing an additional 109 shares during the period. Finally, Farmers & Merchants Investments Inc. grew its stake in iShares S&P Small-Cap 600 Growth ETF by 1.7% during the third quarter. Farmers & Merchants Investments Inc. now owns 6,460 shares of the company’s stock valued at $914,000 after acquiring an additional 110 shares in the last quarter. Institutional investors own 55.81% of the company’s stock.

iShares S&P Small-Cap 600 Growth ETF Stock Up 3.0%

iShares S&P Small-Cap 600 Growth ETF stock opened at $152.93 on Friday. iShares S&P Small-Cap 600 Growth ETF has a 52 week low of $107.38 and a 52 week high of $154.04. The stock has a market cap of $6.77 billion, a price-to-earnings ratio of 20.21 and a beta of 1.09. The business has a 50-day simple moving average of $146.53 and a 200 day simple moving average of $141.90.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were issued a dividend of $0.4214 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $1.69 annualized dividend and a dividend yield of 1.1%. This is an increase from iShares S&P Small-Cap 600 Growth ETF’s previous quarterly dividend of $0.31.

About iShares S&P Small-Cap 600 Growth ETF

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.