ETFs

Claro Advisors LLC Reduces Holdings in iShares S&P Small-Cap 600 Value ETF

Published October 20, 2024

Claro Advisors LLC has decreased its investment in the iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) by 40.6% in the third quarter, according to its recent Form 13F filing with the Securities and Exchange Commission. The firm now holds 5,439 shares after selling off 3,722 shares during the reporting period. At the conclusion of this quarter, the value of Claro Advisors’ holdings in the ETF was approximately $586,000.

In addition to Claro Advisors, several other institutional investors have altered their positions in the iShares S&P Small-Cap 600 Value ETF. For example, GPS Wealth Strategies Group LLC initiated a new investment in the ETF during the second quarter, valued at around $30,000. Similarly, GAMMA Investing LLC also acquired a new stake in the ETF valued at about $31,000 during the same quarter. Northwest Investment Counselors LLC and Addison Advisors LLC made new investments in the ETF in the earlier quarters, with valuations of approximately $33,000 and $44,000, respectively. Furthermore, Financial Connections Group Inc. acquired a new stake worth approximately $48,000 in the second quarter.

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

The IJS shares began trading at $109.43 on Friday. The ETF has a market capitalization of $7.65 billion and a price-to-earnings (P/E) ratio of 11.70, with a beta of 1.20. Over the past year, the ETF reached a low of $81.81 and a high of $111.05. The fifty-day moving average stands at $105.56, while the two-hundred-day moving average is at $101.60.

About iShares S&P Small-Cap 600 Value ETF

The iShares S&P Small-Cap 600 Value ETF, previously known as the iShares S&P SmallCap 600 Value Index Fund, functions as an exchange-traded fund. It aims to provide investment results that closely match the price and yield performance of the S&P SmallCap 600 Value Index, which tracks the performance of small-cap equity stocks in the U.S. showing the strongest value characteristics.

holdings, investment, ETF