Evanson Asset Management Reduces Stake in iShares S&P Small-Cap 600 Value ETF

During the third quarter, Evanson Asset Management LLC made a notable adjustment to its investment portfolio by decreasing its holdings in the iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS). The firm's recent Form 13F filing with the Securities and Exchange Commission (SEC) disclosed a 2.7% reduction of its shares in the fund, resulting in the sale of 2,379 shares. Post-transaction, Evanson Asset Management LLC holds 87,216 shares in the ETF, which equates to approximately 0.12% of the ETF's overall value, estimated at $7.78 million.

Evanson Asset Management's investment in iShares S&P Small-Cap 600 Value ETF constitutes around 0.7% of its total portfolio, ranking as the 23rd largest holding within its holdings. Other substantial investors have also recently amended their stakes in the company, showcasing the dynamic nature of market investments.

Performance and Profile of iShares S&P Small-Cap 600 Value ETF

The trading period on Friday saw the ETF's shares decline by 1.1%, closing at $103.38. With a market capitalization of $7.39 billion and bearing a price-to-earnings ratio of 11.52, it remains a significant player in the market. The ETF has experienced fluctuations over the past year, with a low of $81.81 and a high of $106.93. The 50-day and 200-day moving averages currently stand at $92.29 and $93.26, respectively.

The iShares S&P Small-Cap 600 Value ETF, which targets the small-capitalization value sector of the U.S. equity market, aims to mirror the performance of the S&P SmallCap 600 Value Index. The Index selects companies that exhibit strong value characteristics from within the wider S&P SmallCap 600.

Evanson, iShares, ETF