Confluence Wealth Services Inc. Takes $209,000 Position in iShares S&P Small-Cap 600 Growth ETF $IJT

Confluence Wealth Services Inc. bought a new position in iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,569 shares of the company’s stock, valued at approximately $209,000.

Several other institutional investors also recently bought and sold shares of IJT. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 13.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 801,556 shares of the company’s stock valued at $99,794,000 after purchasing an additional 95,583 shares during the last quarter. Cordatus Wealth Management LLC purchased a new stake in shares of iShares S&P Small-Cap 600 Growth ETF in the first quarter worth about $7,713,000. LPL Financial LLC lifted its position in shares of iShares S&P Small-Cap 600 Growth ETF by 5.5% in the first quarter. LPL Financial LLC now owns 889,343 shares of the company’s stock worth $110,723,000 after buying an additional 46,427 shares in the last quarter. Brown Advisory Inc. boosted its stake in iShares S&P Small-Cap 600 Growth ETF by 16.8% during the first quarter. Brown Advisory Inc. now owns 296,371 shares of the company’s stock valued at $36,898,000 after buying an additional 42,548 shares during the last quarter. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new position in iShares S&P Small-Cap 600 Growth ETF during the 1st quarter valued at approximately $4,923,000. 55.81% of the stock is owned by hedge funds and other institutional investors.

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

NASDAQ:IJT opened at $142.23 on Tuesday. The company has a market cap of $6.29 billion, a price-to-earnings ratio of 20.21 and a beta of 1.13. iShares S&P Small-Cap 600 Growth ETF has a 1 year low of $107.38 and a 1 year high of $152.05. The stock’s 50 day simple moving average is $139.32 and its two-hundred day simple moving average is $131.49.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Tuesday, September 16th were paid a dividend of $0.314 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This is a positive change from iShares S&P Small-Cap 600 Growth ETF’s previous quarterly dividend of $0.29. This represents a $1.26 dividend on an annualized basis and a yield of 0.9%.

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.