Meridian Wealth Management LLC Invests $290,000 in iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT)

Meridian Wealth Management LLC purchased a new stake in shares of iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 2,081 shares of the company’s stock, valued at approximately $290,000.

A number of other hedge funds have also recently modified their holdings of IJT. International Assets Investment Management LLC purchased a new stake in iShares S&P Small-Cap 600 Growth ETF in the second quarter valued at $27,000. Legacy Bridge LLC increased its position in shares of iShares S&P Small-Cap 600 Growth ETF by 73.5% during the 3rd quarter. Legacy Bridge LLC now owns 236 shares of the company’s stock worth $33,000 after purchasing an additional 100 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of iShares S&P Small-Cap 600 Growth ETF during the 2nd quarter worth about $31,000. Ashton Thomas Securities LLC purchased a new stake in iShares S&P Small-Cap 600 Growth ETF in the 3rd quarter valued at about $36,000. Finally, Cedar Mountain Advisors LLC acquired a new position in iShares S&P Small-Cap 600 Growth ETF in the second quarter valued at about $33,000. Hedge funds and other institutional investors own 55.81% of the company’s stock.

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

Shares of IJT opened at $150.65 on Tuesday. The firm has a 50-day simple moving average of $139.85 and a two-hundred day simple moving average of $134.87. The stock has a market cap of $7.04 billion, a PE ratio of 14.69 and a beta of 1.13. iShares S&P Small-Cap 600 Growth ETF has a 1-year low of $111.02 and a 1-year high of $152.05.

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

The company also recently announced a dividend, which was paid on Monday, September 30th. Shareholders of record on Wednesday, September 25th were given a $0.5237 dividend. The ex-dividend date of this dividend was Wednesday, September 25th.

iShares S&P Small-Cap 600 Growth ETF 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.