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

Claro Advisors LLC has significantly reduced its stake in the iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS), cutting its holdings by 40.6% in the third quarter, according to a recent Form 13F filing submitted to the Securities and Exchange Commission. After selling 3,722 shares during this period, the company now owns a total of 5,439 shares in the ETF, which were valued at approximately $586,000 at the end of the reporting period.

In addition to Claro Advisors LLC, other institutional investors have also updated their positions in the iShares S&P Small-Cap 600 Value ETF. For instance, GPS Wealth Strategies Group LLC entered a new position in the ETF worth roughly $30,000 during the second quarter. Similarly, GAMMA Investing LLC acquired shares in the ETF in the same timeframe, with its investment amounting to about $31,000. Furthermore, Northwest Investment Counselors LLC and Addison Advisors LLC made new investments worth about $33,000 and $44,000 respectively in the ETF during earlier quarters. Lastly, Financial Connections Group Inc. also purchased shares in the ETF valued at around $48,000 during the second quarter.

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

As of the latest session, shares of the iShares S&P Small-Cap 600 Value ETF opened at $109.43. The ETF boasts a market capitalization of $7.65 billion, with a price-to-earnings (P/E) ratio of 11.70 and a beta of 1.20. The fund has recorded a one-year low of $81.81 and a high of $111.05. Its fifty-day moving average stands at $105.56, while the two-hundred-day moving average is $101.60.

Overview of 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, is an exchange-traded fund that aims to replicate the performance of the S&P SmallCap 600 Value Index. This index specifically tracks the performance of small-capitalization stocks in the U.S. equity market that exhibit strong value characteristics.

Claro, Advisors, ETF