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.
