Foundations Investment Advisors LLC Increases Holdings in iShares S&P Small-Cap 600 Growth ETF

Foundations Investment Advisors LLC has raised its stake in the iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) by 20.6% during the third quarter of the year, as reported in its latest filing with the Securities and Exchange Commission. After purchasing an additional 2,047 shares during this period, the firm now holds a total of 11,969 shares of the ETF. The value of Foundations Investment Advisors LLC's holdings in this ETF amounted to approximately $1,670,000 at the conclusion of the most recent quarter.

Furthermore, several other hedge funds have also adjusted their positions in the iShares S&P Small-Cap 600 Growth ETF recently. Notably, Stephens Consulting LLC increased its holdings by 239.6% in the first quarter, bringing its total shares to 883, valued at $115,000 after acquiring 623 additional shares. Better Money Decisions LLC entered the market by purchasing new shares worth around $326,000 during the same quarter. Additionally, SPC Financial Inc. raised its stake in the ETF by 0.6%, now owning 199,487 shares valued at $26,079,000 after acquiring another 1,256 shares. Etfidea LLC also increased its position by 1.3%, holding 60,493 shares valued at $7,769,000 after an additional purchase of 788 shares. Lastly, Regal Investment Advisors LLC grew its investment by 2.9% during the second quarter, now owning 10,395 shares with a value of $1,335,000.

Overall, hedge funds and institutional investors collectively hold 55.81% of the stock in the iShares S&P Small-Cap 600 Growth ETF.

Performance Overview of iShares S&P Small-Cap 600 Growth ETF

On Thursday, shares of the iShares S&P Small-Cap 600 Growth ETF opened at $136.11. Over the past year, the ETF has seen a low of $102.64 and a high of $143.97. It currently has a 50-day moving average price of $136.89 and a 200-day moving average price of $132.34. The ETF has a market capitalization of approximately $6.37 billion, a price-to-earnings (P/E) ratio of 14.69, and a beta of 1.13, indicating its volatility compared to the market.

Dividend Announcement

Recently, the iShares S&P Small-Cap 600 Growth ETF announced a dividend, which was paid out on September 30th. This dividend was valued at $0.5237, and shareholders who were on record as of September 25th received this payment. The ex-dividend date was also listed as September 25th.

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

The iShares S&P Small-Cap 600 Growth ETF is designed to mirror the investment results that correspond with the price and yield performance of the S&P Small-Cap 600 Growth Index. This index specifically tracks the small-capitalization growth segment of the U.S. equity market, comprising those stocks within the S&P Small-Cap 600 Index that demonstrate the strongest growth characteristics.

Investment, ETF, Growth