Tiemann Investment Advisors LLC Sells 175 Shares of iShares S&P Small-Cap 600 Growth ETF $IJT

Tiemann Investment Advisors LLC reduced its position in shares of iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) by 1.2% during the first quarter, Holdings Channel reports. The firm owned 13,931 shares of the company’s stock after selling 175 shares during the period. iShares S&P Small-Cap 600 Growth ETF makes up 0.8% of Tiemann Investment Advisors LLC’s holdings, making the stock its 26th largest holding. Tiemann Investment Advisors LLC’s holdings in iShares S&P Small-Cap 600 Growth ETF were worth $1,735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Brown Advisory Inc. grew its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 353.0% in the fourth quarter. Brown Advisory Inc. now owns 253,823 shares of the company’s stock valued at $34,360,000 after acquiring an additional 197,787 shares in the last quarter. Focus Partners Wealth lifted its holdings in iShares S&P Small-Cap 600 Growth ETF by 89.6% during the fourth quarter. Focus Partners Wealth now owns 148,372 shares of the company’s stock worth $20,086,000 after acquiring an additional 70,116 shares during the period. Cordatus Wealth Management LLC purchased a new position in iShares S&P Small-Cap 600 Growth ETF in the first quarter worth $7,713,000. Bank of America Corp DE grew its stake in iShares S&P Small-Cap 600 Growth ETF by 2.9% in the 4th quarter. Bank of America Corp DE now owns 1,919,434 shares of the company’s stock valued at $259,834,000 after purchasing an additional 53,484 shares during the period. Finally, LPL Financial LLC grew its stake in iShares S&P Small-Cap 600 Growth ETF by 5.5% in the 1st quarter. LPL Financial LLC now owns 889,343 shares of the company’s stock valued at $110,723,000 after purchasing an additional 46,427 shares during the period. 55.81% of the stock is owned by institutional investors.

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

Shares of NASDAQ:IJT opened at $136.98 on Thursday. The company’s 50-day moving average is $134.33 and its 200 day moving average is $129.51. The company has a market capitalization of $6.16 billion, a P/E ratio of 20.21 and a beta of 1.13. iShares S&P Small-Cap 600 Growth ETF has a fifty-two week low of $107.38 and a fifty-two week high of $152.05.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Monday, June 16th were paid a $0.2939 dividend. The ex-dividend date was Monday, June 16th. This represents a $1.18 annualized dividend 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.