M Holdings Securities Inc. Takes $1.73 Million Position in iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT)

M Holdings Securities Inc. purchased a new position in shares of iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,812 shares of the company’s stock, valued at approximately $1,734,000. iShares S&P Small-Cap 600 Growth ETF makes up 1.2% of M Holdings Securities Inc.’s holdings, making the stock its 10th biggest holding.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 0.3% during the 4th 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 grew its stake in 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 buying an additional 82,307 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in iShares S&P Small-Cap 600 Growth ETF by 21.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 488,656 shares of the company’s stock valued at $66,149,000 after buying an additional 84,963 shares during the period. Raymond James Financial Inc. bought a new position in iShares S&P Small-Cap 600 Growth ETF in the 4th quarter valued at about $52,544,000. Finally, HighTower Advisors LLC raised its position in shares of iShares S&P Small-Cap 600 Growth ETF by 7.2% in the 4th quarter. HighTower Advisors LLC now owns 353,361 shares of the company’s stock valued at $47,835,000 after buying an additional 23,640 shares in the last quarter. Institutional investors own 55.81% of the company’s stock.

iShares S&P Small-Cap 600 Growth ETF Trading Down 0.6 %

NASDAQ IJT opened at $124.67 on Friday. The firm’s 50 day simple moving average is $134.59 and its 200 day simple moving average is $138.04. The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of 19.20 and a beta of 1.14. iShares S&P Small-Cap 600 Growth ETF has a 1 year low of $120.32 and a 1 year high of $152.05.

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

The firm also recently declared a dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 18th were paid a $0.2502 dividend. The ex-dividend date was Tuesday, March 18th.

iShares S&P Small-Cap 600 Growth ETF 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.