M&T Bank Corp has reduced its stake in the iShares S&P Small-Cap 600 Value ETF by 1.4% during the third quarter of 2023. The firm now holds 586,651 shares after selling 8,474 shares in the period, with a total value of approximately $64,878,000, according to the latest filing with the U.S. Securities and Exchange Commission (SEC).
Several other institutional investors have also adjusted their positions in the fund. Notably, World Investment Advisors significantly increased its holdings by 4,702.1%, now owning 362,321 shares valued at $40,069,000, after acquiring an additional 354,776 shares in the last quarter. Similarly, BNP Paribas Financial Markets raised its position by an impressive 4,206.0%, owning 122,291 shares worth $13,524,000 following the purchase of 119,451 shares.
Laurel Wealth Advisors LLC also made significant moves, lifting its stake by 9,846.7% in the second quarter. The firm now owns 117,868 shares valued at approximately $11,727,000 after securing an additional 116,683 shares. Redwood Investment Management LLC entered the scene as a new investor, purchasing a stake valued at $10,220,000.
The iShares S&P Small-Cap 600 Value ETF, which trades under the ticker NYSEARCA:IJS, has seen a diverse range of institutional interest, with approximately 71.86% of the stock currently held by hedge funds and other institutional investors.
Current Market Performance
As of the last trading session, the iShares S&P Small-Cap 600 Value ETF opened at $115.93. The ETF has a fifty-day moving average price of $121.97 and a 200-day moving average price of $115.24. Over the past year, the fund has experienced a low of $82.10 and a high of $127.85. The market capitalization of the ETF stands at $7.15 billion, with a price-to-earnings (P/E) ratio of 13.92 and a beta of 1.08.
The iShares S&P Small-Cap 600 Value ETF aims to track the performance of the S&P SmallCap 600 Value Index, which includes stocks exhibiting strong value characteristics within the small-cap sector of the U.S. equity market. The fund invests in a representative sample of securities that reflect the index’s investment profile.
For those interested in the ongoing movements within this fund, additional information and updates on hedge fund holdings can be found at HoldingsChannel.com, which offers insights into the latest 13F filings and insider trades for the iShares S&P Small-Cap 600 Value ETF.
