Hicks Capital Management Sells Shares of iShares Core S&P Small-Cap ETF

Hicks Capital Management LLC has reduced its stake in the iShares Core S&P Small-Cap ETF (NYSEARCA: IJR) by 1.0% during the second quarter of 2023, according to Holdings Channel. The firm now holds 26,538 shares after selling 268 shares. This exchange-traded fund (ETF) constitutes approximately 4.6% of Hicks Capital’s portfolio, making it the fourth largest position in their holdings, valued at approximately $2,900,000 at the end of the quarter.

Several other hedge funds have also adjusted their positions in the iShares Core S&P Small-Cap ETF. Notably, Pinnacle Associates Ltd. has increased its holdings by 0.4%, now owning 263,641 shares valued at $28,813,000 following an acquisition of an additional 1,083 shares. Similarly, FWG Investments LLC has entered the market with a new position in the ETF valued at about $505,000.

Noteworthy Changes in Fund Holdings

Coign Capital Advisors LLC has significantly boosted its holdings by 12.3%, now owning 47,738 shares worth $5,217,000 after purchasing 5,211 additional shares. Heritage Investors Management Corp. has also increased its stake by 2.4%, bringing their total to 38,837 shares, valued at $4,244,000 after acquiring an additional 915 shares. Finally, Spinnaker Trust raised its investment by 0.5%, now holding 37,342 shares worth $4,081,000 after buying 192 shares in the last quarter.

Currently, institutional investors and hedge funds own approximately 66.92% of the iShares Core S&P Small-Cap ETF. This level of institutional interest underscores the importance and potential of this particular investment vehicle.

Market Performance Overview

As of the latest trading session, shares of the iShares Core S&P Small-Cap ETF were priced at $117.60. The ETF has experienced a 52-week low of $89.22 and a high of $128.61. With a market capitalization of $85.01 billion, the fund shows a price-to-earnings ratio of 16.52 and a beta of 1.08, indicating a moderate level of volatility compared to the broader market. Its 50-day moving average stands at $118.65, while the 200-day moving average is at $111.43.

The iShares Core S&P Small-Cap ETF, formerly 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 tracks the performance of publicly traded securities in the small-cap sector of the United States equity market, making it an attractive option for investors seeking exposure to smaller companies.

For those interested in tracking the latest activities of hedge funds holding the iShares Core S&P Small-Cap ETF, updates can be found on HoldingsChannel.com. Subscribers can also receive daily summaries of news and analyst ratings related to the ETF and other investment opportunities through MarketBeat’s free newsletter.