Madison Wealth Partners Increases Stake in iShares Core S&P Small-Cap ETF
Madison Wealth Partners Inc has increased its investment in the iShares Core S&P Small-Cap ETF (NYSEARCA: IJR) by 13.6% during the second quarter of 2023. According to the firm’s latest Form 13F filing with the U.S. Securities and Exchange Commission (SEC), the institutional investor now holds 245,107 shares of the ETF after acquiring an additional 29,403 shares during this period. This position represents 5.8% of Madison Wealth Partners’ portfolio, making it the firm’s fifth largest holding, valued at approximately $26.8 million.
Several other institutional investors have also adjusted their positions in the iShares Core S&P Small-Cap ETF. Notably, Northwestern Mutual Wealth Management Co. increased its stake by 2.4% in the first quarter, now owning 39,050,599 shares valued at approximately $4.08 billion after purchasing an additional 923,688 shares.
Kingstone Capital Partners Texas LLC made a significant move by acquiring a new position in the ETF, valued at $2.05 billion. Meanwhile, LPL Financial LLC raised its holdings by 1.6%, bringing its total to 15,897,788 shares worth approximately $1.66 billion after acquiring an additional 251,169 shares. Northern Trust Corp also increased its position by 3.1%, now holding 9,633,447 shares valued at around $1.01 billion.
Additionally, Goldman Sachs Group Inc. lifted its stake by 3.9%, now owning 9,253,027 shares worth approximately $967.6 million following an acquisition of 347,117 shares. In total, hedge funds and other institutional investors hold 66.92% of the ETF’s shares.
As of the latest trading session, the iShares Core S&P Small-Cap ETF opened at $117.59. The ETF has seen a 52-week low of $89.22 and a high of $128.61. Currently, it boasts a market capitalization of $85.02 billion, a price-to-earnings (P/E) ratio of 16.52, and a beta of 1.15, indicating its volatility compared to the broader market.
The iShares Core S&P Small-Cap ETF aims to track the performance of the Standard & Poor’s SmallCap 600 Index, which includes publicly traded securities in the small-cap sector of the U.S. equity market. This investment strategy is designed to provide exposure to the growth potential of smaller companies.
For those interested in tracking further developments regarding the iShares Core S&P Small-Cap ETF and its institutional investors, resources such as HoldingsChannel.com offer updated information on 13F filings and insider trades.
