Clune & Associates Increases Stake in iShares Core S&P Small-Cap ETF

Clune & Associates LTD. has expanded its investment in the iShares Core S&P Small-Cap ETF (NYSEARCA: IJR) by 21.4% during the second quarter of 2023, according to a recent filing with the Securities and Exchange Commission. The firm now holds 50,112 shares of the ETF, following the purchase of an additional 8,849 shares during this period. This investment is now valued at approximately $5.48 million, making it the 19th largest holding in Clune’s portfolio and accounting for around 1.5% of its total investments.

Several other institutional investors have also adjusted their positions in the iShares Core S&P Small-Cap ETF recently. For instance, Investment Partners Asset Management Inc. increased its stake by 2.7% during the same quarter, bringing its total holdings to 3,476 shares valued at about $380,000. Meanwhile, Blue Barn Wealth LLC raised its shares by 1.6% in the first quarter, now owning 6,118 shares worth $640,000 after acquiring an additional 97 shares.

Other notable changes include LMG Wealth Partners LLC, which grew its position by 3.7%, now holding 2,733 shares valued at $286,000. Similarly, Resurgent Financial Advisors LLC increased its stake by 0.8%, with a total of 12,530 shares valued at $1.31 million. Finally, Lauer Wealth LLC raised its stake by 1.3%, now owning 7,768 shares worth $783,000. Collectively, institutional investors own approximately 66.92% of the iShares Core S&P Small-Cap ETF.

Market Performance of iShares Core S&P Small-Cap ETF

On Tuesday, shares of the iShares Core S&P Small-Cap ETF opened at $119.45. The ETF boasts a market capitalization of $86.36 billion, a price-to-earnings ratio of 16.52, and a beta of 1.15. The fund has experienced a 12-month low of $89.22 and a high of $128.61. Its fifty-day simple moving average stands at $117.86, while the 200-day simple moving average is at $110.13.

About iShares Core S&P Small-Cap ETF

The iShares Core S&P Small-Cap ETF, previously known as the iShares S&P SmallCap 600 Index Fund, aims to replicate the performance of the Standard & Poor’s SmallCap 600 Index. This index measures the performance of publicly traded companies within the small-cap sector of the United States equity market. The ETF serves as a popular investment choice for those seeking exposure to this segment, reflecting the broader trends in small-cap stocks.

As investment strategies evolve, the actions of firms like Clune & Associates and their peers highlight ongoing interest in the small-cap sector, suggesting potential opportunities for growth amid the changing economic landscape.