Phillips Financial Management LLC Reduces Stake in iShares S&P Small-Cap 600 Value ETF $IJS

Phillips Financial Management LLC lowered its holdings in iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) by 1.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 129,257 shares of the company’s stock after selling 2,245 shares during the quarter. iShares S&P Small-Cap 600 Value ETF comprises 0.9% of Phillips Financial Management LLC’s investment portfolio, making the stock its 28th biggest holding. Phillips Financial Management LLC owned about 0.21% of iShares S&P Small-Cap 600 Value ETF worth $12,860,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in IJS. Wealth Preservation Advisors LLC purchased a new position in shares of iShares S&P Small-Cap 600 Value ETF in the 1st quarter valued at about $27,000. Trust Co. of Toledo NA OH purchased a new position in shares of iShares S&P Small-Cap 600 Value ETF in the 2nd quarter valued at about $30,000. RMG Wealth Management LLC purchased a new position in shares of iShares S&P Small-Cap 600 Value ETF in the 2nd quarter valued at about $31,000. Abound Wealth Management increased its holdings in shares of iShares S&P Small-Cap 600 Value ETF by 512.9% in the 2nd quarter. Abound Wealth Management now owns 380 shares of the company’s stock valued at $38,000 after acquiring an additional 318 shares during the last quarter. Finally, Centennial Bank AR increased its holdings in shares of iShares S&P Small-Cap 600 Value ETF by 74.8% in the 1st quarter. Centennial Bank AR now owns 402 shares of the company’s stock valued at $39,000 after acquiring an additional 172 shares during the last quarter. Hedge funds and other institutional investors own 71.86% of the company’s stock.

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

IJS opened at $111.39 on Wednesday. iShares S&P Small-Cap 600 Value ETF has a one year low of $82.10 and a one year high of $119.28. The company has a market cap of $6.65 billion, a P/E ratio of 13.92 and a beta of 1.18. The business’s 50-day simple moving average is $109.63 and its 200-day simple moving average is $101.37.

iShares S&P Small-Cap 600 Value ETF Company Profile

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.