Financial Management Network Inc. Decreases Position in iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT)

Financial Management Network Inc. cut its stake in shares of iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) by 7.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,888 shares of the company’s stock after selling 529 shares during the period. Financial Management Network Inc.’s holdings in iShares S&P Small-Cap 600 Growth ETF were worth $946,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Palouse Capital Management Inc. purchased a new stake in iShares S&P Small-Cap 600 Growth ETF during the fourth quarter valued at approximately $31,000. Legacy Bridge LLC raised its position in iShares S&P Small-Cap 600 Growth ETF by 73.5% during the third quarter. Legacy Bridge LLC now owns 236 shares of the company’s stock valued at $33,000 after purchasing an additional 100 shares during the period. Ashton Thomas Securities LLC purchased a new stake in iShares S&P Small-Cap 600 Growth ETF during the third quarter valued at approximately $36,000. CarsonAllaria Wealth Management Ltd. grew its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 105.5% during the fourth quarter. CarsonAllaria Wealth Management Ltd. now owns 261 shares of the company’s stock valued at $35,000 after buying an additional 134 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new position in shares of iShares S&P Small-Cap 600 Growth ETF during the third quarter valued at approximately $39,000. 55.81% of the stock is currently owned by hedge funds and other institutional investors.

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

IJT opened at $140.24 on Wednesday. The stock has a market cap of $6.66 billion, a price-to-earnings ratio of 14.69 and a beta of 1.13. The stock’s 50 day moving average price is $139.18 and its 200-day moving average price is $138.97. iShares S&P Small-Cap 600 Growth ETF has a one year low of $121.20 and a one year high of $152.05.

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

The firm also recently announced a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.3508 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

About iShares S&P Small-Cap 600 Growth ETF

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.