• Disclaimer
  • Privacy Policy
Media Coverage
  • Analyst Ratings
  • Market coverage
  • Business news
  • Wealth
  • Stock Markets
  • World Economy
  • About Us
    • About us
    • Contact
No Result
View All Result
  • Analyst Ratings
  • Market coverage
  • Business news
  • Wealth
  • Stock Markets
  • World Economy
  • About Us
    • About us
    • Contact
No Result
View All Result
Media Coverage
No Result
View All Result
Home Market coverage

Boenning & Scattergood Inc. Invests in iShares S&P Small-Cap 600 Growth ETF, but Analysts Remain on the Fence

Elaine Mendonça by Elaine Mendonça
April 8, 2023
in Market coverage
0
Financial Analysis news
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Boenning & Scattergood Inc., a Pennsylvania-based investment firm, recently disclosed its purchase of 1,753 shares of iShares S&P Small-Cap 600 Growth ETF (IJT) at a value of approximately $219,000 in the fourth quarter, according to the Securities and Exchange Commission filing. However, despite this notable move by Boenning & Scattergood Inc., iShares S&P Small-Cap 600 Growth ETF remains off Wall Street’s radar as the stock has only received a “hold” rating among analysts.

Bloomberg constantly tracks and analyses Wall Street’s top-rated research analysts and their recommended stocks for clients. Currently, iShares S&P Small-Cap 600 Growth ETF did not make it on the list of five stocks that top-rated analysts are suggesting their clients buy before they become popular among broader market investors.

Despite being overlooked by some experts, iShares S&P Small-Cap 600 Growth ETF is an exchange-traded fund that seeks to track the performance of the S&P SmallCap 600 Growth Index. This index comprises U.S. small-cap stocks with robust growth characteristics.

Although there has been commentary about these indices underperforming during volatile market conditions or economic downturns, recent strong market performance and economic expansion offer reasons to believe this investment could perform well in the future as part of a diversified portfolio.

Despite anonymity among some significant investors, iShares S&P Small-Cap 600 Growth ETF is still attractive for its exposure to smaller companies offering higher risk tolerance with potentially greater returns. Nevertheless, one should never solely rely on analyst ratings when making investment decisions without also conducting thorough background research and analysis of their own into the specific financial product under consideration. With trading date recently adjusted to April 7th for subsequent weeks or months’ trading activity remains wait-to-see situations on how this investment decision will play out for Boenning & Scattergood Inc.

Large Investors Boost Interest in iShares S&P Small-Cap 600 Growth ETF



The iShares S&P Small-Cap 600 Growth ETF recently saw changes in its positions due to the actions of several large investors, indicating a renewed interest in the company’s stock.

One such investor is TFO TDC LLC which boosted its stake in shares of the ETF by a whopping 211.8% during the third quarter. This resulted in the acquisition of an additional 180 shares and an overall ownership of 265 shares worth $27,000.

Psagot Value Holdings Ltd. Israel also purchased a position in iShares S&P Small-Cap 600 Growth ETF during the same period. The value of this position was reported to be approximately $30,000.

Fuller & Thaler Asset Management Inc., and Newbridge Financial Services Group Inc. likewise acquired new positions in iShares S&P Small-Cap 600 Growth ETF just this year. Fuller & Thaler Asset Management secured a worth of about $32,000 while Newbridge Financial now owns 350 shares valued at $36,000.

Finally, Fiduciary Alliance LLC purchased a new position valuing roughly $39,000 on iShares S&P Small-Cap 600 Growth ETF during last year’s fourth quarter. In total, hedge funds and institutional investors now own approximately 56.66% of the company’s stock.

iShares S&P Small-Cap 600 Growth ETF began trading on Friday at $107.06 with a market cap of nearly $5 billion, a price-to-earnings ratio (P/E) of 12.62 and beta rating of only 1.13 according to reports from Morningstar as per data from April 7th this year.

Despite analysts affording only a “hold” rating for iShares S&P Small-Cap 600 Growth ETF at present, informed parties still identify other stocks they consider better bought than what is currently being offered by the company.

While these recent changes may be seen as having a positive effect on the stock’s status, shareholders are still hopeful that further measures will be taken to boost the overall appeal of iShares S&P Small-Cap 600 Growth ETF.

Tags: IJT
Previous Post

Boenning & Scattergood Inc. Invests in Cybersecurity ETF Amid Increasing Threats and Virtual Operations

Next Post

Boenning & Scattergood Inc. Purchases Shares in SCCO Amidst Positive Market Trends, Director Sells Stock

Next Post
Financial services invest

Boenning & Scattergood Inc. Purchases Shares in SCCO Amidst Positive Market Trends, Director Sells Stock

Wealth

Sugarhill Ddot’s Net Worth: Inside The Career of the Rising Drill Rap Star

by Gabriel Bello Obando
November 10, 2023
0

When it comes to the hip-hop scene in America, there are a few names that stand out. However, one name...

Read more

From Telenovelas to Hollywood: Exploring Kate del Castillo Net Worth and Career Achievements

June 1, 2023

Adamari López Net Worth: An Inspirational Tale of Resilience Beyond The Screen

June 1, 2023

Simon Helberg Net Worth: A Multi-Talented Hollywood Star

June 1, 2023

Lauryn Shannon Net Worth: A Rising Success and Entrepreneurial Inspiration

November 8, 2023

Categories

  • Analyst Ratings
  • Business
  • Business news
  • Market coverage
  • Pre-IPO & Startups
  • Stock Markets
  • Wealth
  • World Economy

About Us

Our team of experienced journalists and industry experts is committed to providing you with the latest and most accurate information on a wide range of topics, from finance and technology to politics and the economy.

We are proud to be part of the Best Stocks team and to offer our readers exceptional content that is informed by our combined expertise. We look forward to continuing to serve our readers and to playing a key role in the world of business analysis and reporting.

READ MORE

  • Media Contacts
  • Journalist Contacts
  • Contact
  • About us
  • Disclaimer
  • Privacy Policy

© 2023 Media Coverage

No Result
View All Result
  • Analyst Ratings
  • Market coverage
  • Business news
  • Wealth
  • Stock Markets
  • World Economy
  • About Us
    • About us
    • Contact

© 2023 Media Coverage