On June 26, 2023, Security National Bank revealed its purchase of a new stake in iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT), according to the bank’s latest Securities and Exchange Commission (SEC) disclosure. The institutional investor acquired 1,854 shares of the company’s stock at a $204,000 value during the first quarter. This recent financial disclosure highlights Security National Bank’s willingness to participate in the global economic market while generating lucrative opportunities for investors.
Investors and financial analysts can keep an eye on institutional investors by accessing the HoldingsChannel.com website. It provides exclusive data on various hedge funds that hold IJT stock and their insider trades as of filings under Form 13F reports. From this information, investments may be made with informed decisions about which direction trends are heading.
Moreover, iShares S&P Small-Cap 600 Growth ETF has recently declared a quarterly dividend. Holders of record on Thursday, June 8th were paid a dividend of $0.3029 per share on Tuesday, June 13th. This represents an annualized dividend yield of approximately 1.10%, equaling $1.21 divided annually per share.
Overall, it is undeniable that institutional investors such as Security National Bank have a great impact on corporate financing through acquiring shares and are likely to generate impressive returns from these shares’ appreciation and dividends. This transaction possibly indicates confidence in strong economies within small-cap departments with growing public companies such as iShares S&P Small-Cap 600 Growth ETF. interested parties should continue monitoring the stock market trends for earning opportunities whereby they can take advantage of momentous movements by investing wisely to receive higher returns.
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Institutional Investors and Hedge Funds Make Significant Changes to Holdings in iShares S&P Small-Cap 600 Growth ETF
Institutional investors and hedge funds have recently made considerable modifications to their holdings in the iShares S&P Small-Cap 600 Growth ETF. City Holding Co. raised its holdings in the first quarter by 7.5%, now owning 8,624 shares of the company’s stock valued at $948,000 after acquiring an additional 600 shares during the period. AE Wealth Management LLC increased its holding by a staggering 35.5% during the same period and now owns 5,243 shares worth $576,000 after acquiring an additional 1,374 shares.
Ironwood Wealth Management LLC also raised its holdings by 1.2%, putting it at a total of 13,863 shares valued at $1,524,000 after acquiring an additional 171 shares during the quarter. Raymond James & Associates increased its holdings in iShares S&P Small-Cap 600 Growth ETF by 3% in Q1 and currently owns 145,698 shares worth $16,018,000 after acquiring an additional 4,266 shares.
Lastly, KMG Fiduciary Partners LLC bought a new position in iShares S&P Small-Cap 600 Growth ETF during Q1 for about $339,000. At present times approximately over half (56.60%) of this ETF’s stock is owned by institutional investors.
On Monday June 26th of this year iShares S&P Small-Cap 600 Growth ETF opened at $110.48 with a market cap summing up to roughly $4.97 billion having a P/E ratio of similar size to that of the year prior ($123.84). The beta for this monetary value is sitting at just under one and fourteen cents (0.113).
The goal for iShares S&P Small-Cap Index Fund is for it to perform as close as possible to Index yielding price results or vice versa taken from what is being labeled as the S&P Small-Cap 600 Growth Index (the Index). The index is essentially used to measure a sector of US equity markets that are categorized as small-capitalization growth. Allowing itself to comprise of those stocks in the S&P SmallCap 600, which display and share similar strong growth traits or similarities with one another.