Sax Wealth Advisors LLC Reduces Stake in iShares Core S&P Small-Cap ETF

Sax Wealth Advisors LLC has decreased its investment in iShares Core S&P Small-Cap ETF (NYSEARCA:IJR) by 0.5% during the second quarter, as reported in recent filings. The company's holdings in IJR saw a slight reduction, with 604 shares sold, leaving Sax Wealth Advisors LLC with 122,472 shares in the ETF. This ETF now represents about 2.4% of its portfolio, ranking as the 10th largest position in its investment lineup, with a value of approximately $12.20 million.

Investment Activity in iShares Core S&P Small-Cap ETF

Other investors also showed active engagement with the IJR ETF during the same quarter. Clearstead Trust LLC expanded its stake by 56.2%, obtaining an additional 104 shares. Similarly, Hoese & Co LLP grew its share count by 80%, while Heritage Wealth Advisors increased its holdings by 62.0%. Cascade Investment Advisors Inc. initiated a new position, and Stonebridge Capital Advisors LLC dramatically increased its investment by 354.9% in the previous quarter.

Market Performance of IJR

On the trading front, IJR showed an uptick of 0.3% during mid-day trading on the day of the report, with the share price reaching $96.46. Trading volume for the day was recorded at 1,832,295 shares, against an average of 4,046,727 shares. The ETF has a market capitalization of $67.38 billion, a P/E ratio of 12.11, and a beta of 1.15. Over the past year, IJR has fluctuated between a low of $87.32 and a high of $108.24.

An Overview of iShares Core S&P Small-Cap ETF

The ETF focuses on mirroring the performance of the S&P SmallCap 600 Index, an index measuring the small-cap sector of the U.S. equity market. The objective is to match the price and yield performance closely, providing investors with exposure to small-cap stocks.

Final Insights and Additional Resources

The ongoing adjustments by hedge funds and institutional investors in their IJR positions highlight the dynamic nature of ETF investment strategies. For more detailed information and updates on IJR's institutional holdings, filings, and insider trades, resources like HoldingsChannel.com can be consulted.

SaxWealthAdvisors, iShares, ETF, Investment, Holdings, Market, Trading