Noven Financial Group Inc. Takes $23.36 Million Position in iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS)

Noven Financial Group Inc. acquired a new stake in shares of iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 158,323 shares of the company’s stock, valued at approximately $23,359,000. iShares S&P Small-Cap 600 Value ETF makes up approximately 12.2% of Noven Financial Group Inc.’s portfolio, making the stock its 4th largest holding. Noven Financial Group Inc. owned 0.38% of iShares S&P Small-Cap 600 Value ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ellis Investment Partners LLC grew its stake in shares of iShares S&P Small-Cap 600 Value ETF by 14,341.2% in the 1st quarter. Ellis Investment Partners LLC now owns 16,456,343 shares of the company’s stock valued at $16,456,000 after buying an additional 16,342,389 shares during the period. Jones Financial Companies Lllp boosted its position in shares of iShares S&P Small-Cap 600 Value ETF by 4.8% during the 1st quarter. Jones Financial Companies Lllp now owns 5,743,444 shares of the company’s stock worth $847,388,000 after purchasing an additional 260,874 shares during the period. Colony Group LLC boosted its position in shares of iShares S&P Small-Cap 600 Value ETF by 2,037.4% during the 4th quarter. Colony Group LLC now owns 139,062 shares of the company’s stock worth $18,335,000 after purchasing an additional 132,556 shares during the period. Joseph P. Lucia & Associates LLC purchased a new position in shares of iShares S&P Small-Cap 600 Value ETF during the 1st quarter worth approximately $813,000. Finally, FMR LLC boosted its position in shares of iShares S&P Small-Cap 600 Value ETF by 6.2% during the 4th quarter. FMR LLC now owns 1,867,687 shares of the company’s stock worth $246,254,000 after purchasing an additional 108,230 shares during the period.

Shares of NYSEARCA:IJS traded up $0.50 during mid-day trading on Wednesday, reaching $143.80. 86,963 shares of the company were exchanged, compared to its average volume of 175,049. The company has a 50-day moving average price of $145.17. iShares S&P Small-Cap 600 Value ETF has a 1 year low of $123.72 and a 1 year high of $174.26.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Tuesday, June 18th were issued a dividend of $0.5244 per share. The ex-dividend date was Monday, June 17th. This represents a $2.10 dividend on an annualized basis and a yield of 1.46%.

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.

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Institutional Ownership by Quarter for iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS)

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