Sowell Financial Services LLC Acquires 16,843 Shares of iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT)

Sowell Financial Services LLC increased its holdings in iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) by 148.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 28,189 shares of the company’s stock after purchasing an additional 16,843 shares during the quarter. Sowell Financial Services LLC’s holdings in iShares S&P Small-Cap 600 Growth ETF were worth $3,816,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. PNC Financial Services Group Inc. increased its position in shares of iShares S&P Small-Cap 600 Growth ETF by 0.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,023,028 shares of the company’s stock worth $138,487,000 after purchasing an additional 3,228 shares in the last quarter. LPL Financial LLC increased its position in shares of iShares S&P Small-Cap 600 Growth ETF by 10.5% during the third quarter. LPL Financial LLC now owns 863,752 shares of the company’s stock worth $120,485,000 after purchasing an additional 82,307 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of iShares S&P Small-Cap 600 Growth ETF during the fourth quarter valued at $52,544,000. HighTower Advisors LLC grew its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 5.6% during the third quarter. HighTower Advisors LLC now owns 329,721 shares of the company’s stock valued at $46,024,000 after buying an additional 17,439 shares during the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 6.1% during the third quarter. Cerity Partners LLC now owns 278,281 shares of the company’s stock valued at $38,817,000 after buying an additional 15,914 shares during the last quarter. 55.81% of the stock is owned by institutional investors and hedge funds.

iShares S&P Small-Cap 600 Growth ETF Price Performance

Shares of IJT opened at $126.98 on Friday. The firm has a market capitalization of $5.99 billion, a PE ratio of 19.15 and a beta of 1.14. iShares S&P Small-Cap 600 Growth ETF has a 1-year low of $121.20 and a 1-year high of $152.05. The company’s fifty day moving average price is $136.96 and its 200-day moving average price is $138.97.

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

The firm also recently declared a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were issued a $0.3508 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

iShares S&P Small-Cap 600 Growth ETF Company Profile

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.