Modern Wealth Management LLC Has $48.87 Million Position in iShares S&P Small-Cap 600 Value ETF $IJS

Modern Wealth Management LLC boosted its holdings in iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) by 11,921.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 411,838 shares of the company’s stock after acquiring an additional 408,412 shares during the quarter. iShares S&P Small-Cap 600 Value ETF accounts for about 0.8% of Modern Wealth Management LLC’s investment portfolio, making the stock its 28th biggest position. Modern Wealth Management LLC’s holdings in iShares S&P Small-Cap 600 Value ETF were worth $48,873,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Certuity LLC bought a new stake in iShares S&P Small-Cap 600 Value ETF during the 4th quarter valued at about $495,000. Comerica Bank increased its position in shares of iShares S&P Small-Cap 600 Value ETF by 6.7% during the fourth quarter. Comerica Bank now owns 95,512 shares of the company’s stock valued at $10,862,000 after acquiring an additional 5,958 shares in the last quarter. Powerhouse Assets LLC bought a new stake in shares of iShares S&P Small-Cap 600 Value ETF during the fourth quarter valued at approximately $1,014,000. Hudson Oak Wealth Advisory LLC purchased a new position in iShares S&P Small-Cap 600 Value ETF in the 4th quarter worth approximately $1,450,000. Finally, Sherman Wealth Management LLC bought a new position in iShares S&P Small-Cap 600 Value ETF in the 4th quarter valued at approximately $785,000. Institutional investors and hedge funds own 71.86% of the company’s stock.

iShares S&P Small-Cap 600 Value ETF Trading Down 1.0%

Shares of IJS opened at $135.64 on Friday. The business’s fifty day simple moving average is $133.11 and its two-hundred day simple moving average is $126.27. iShares S&P Small-Cap 600 Value ETF has a 12 month low of $97.90 and a 12 month high of $138.60. The company has a market cap of $8.10 billion, a price-to-earnings ratio of 13.92 and a beta of 0.99.

About iShares S&P Small-Cap 600 Value ETF

iShares S&P Small-Cap 600 Value ETF, formerly iShares S&P SmallCap 600 Value Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P SmallCap 600 Value Index (the Index). The Index measures the performance of the small-capitalization value sector of the United States equity market and consists of those stocks in the S&P SmallCap 600 Index exhibiting the strongest value characteristics. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.