Sterling Investment Advisors LLC ADV has reduced its holding in the iShares Core S&P Small-Cap ETF (NYSEARCA: IJR) by 11.5% during the third quarter of 2023, according to a recent Form 13F filing with the Securities and Exchange Commission. The institutional investor now owns 38,018 shares of the exchange-traded fund (ETF) after selling 4,923 shares during the quarter. This ETF represents roughly 2.2% of Sterling Investment Advisors’ total portfolio, making it the firm’s 15th largest position.
As of the latest filing, Sterling’s holdings in the iShares Core S&P Small-Cap ETF are valued at approximately $4.5 million. This adjustment follows a trend among institutional investors, many of whom have either increased or decreased their stakes in the fund amid fluctuating market conditions.
Changes in Institutional Holdings
Several other investment firms have recently positioned themselves in relation to the iShares Core S&P Small-Cap ETF. For instance, RMG Wealth Management LLC acquired a new stake valued at $27,000 during the second quarter. Meanwhile, Curio Wealth LLC significantly increased its holdings by an extraordinary 26,900%, bringing its total to 270 shares, worth around $30,000 after purchasing an additional 269 shares.
Additionally, Quaker Wealth Management LLC raised its stake by 200.4%, now holding 452 shares valued at $49,000, following a purchase of 902 shares. Similarly, Highline Wealth Partners LLC increased its stake by 2,635%, owning 547 shares valued at $60,000 after acquiring an extra 527 shares.
Finally, Rise Advisors LLC raised its holdings by 53.3% in the same period, now owning 538 shares valued at $64,000 after purchasing 187 shares. Currently, institutional investors and hedge funds control approximately 66.92% of the iShares Core S&P Small-Cap ETF.
Market Insights and Performance Metrics
On Monday, the iShares Core S&P Small-Cap ETF opened at $128.62. The fund has demonstrated stable performance indicators, with a 50-day simple moving average of $121.58 and a 200-day simple moving average of $118.09. The ETF boasts a market capitalization of $94.12 billion, a price-to-earnings ratio of 16.52, and a beta of 1.08, indicating its relative volatility compared to the broader market.
Over the past year, the iShares Core S&P Small-Cap ETF has experienced a low of $89.22 and a high of $129.48. This performance showcases the ETF’s resilience and potential for growth within the small-cap sector of the U.S. equity market.
The iShares Core S&P Small-Cap ETF, formerly known as the iShares S&P SmallCap 600 Index Fund, aims to mirror the price and yield performance of the Standard & Poor’s SmallCap 600 Index. This index tracks the performance of publicly traded small-cap securities in the United States, providing investors with a diversified exposure to the small-cap segment of the market.
For those interested in tracking institutional movements and investments in the iShares Core S&P Small-Cap ETF, platforms such as HoldingsChannel.com provide access to the latest 13F filings and insider trades.
