United Financial Planning Group LLC has acquired a significant stake in the iShares Core S&P Small-Cap ETF, purchasing 55,480 shares valued at approximately $6.59 million. This investment was disclosed in the company’s recent filing with the Securities and Exchange Commission (SEC), marking a notable addition to its portfolio. The ETF now represents 3.6% of United Financial Planning’s total holdings, positioning it as the firm’s sixth largest investment.
Several other institutional investors have also made strategic adjustments to their positions in the iShares Core S&P Small-Cap ETF during the third quarter. Your Advocates Ltd. LLP increased its stake by an impressive 197.6%, now owning 244 shares valued at approximately $29,000 after acquiring an additional 162 shares. Similarly, Hantz Financial Services Inc. boosted its holdings by 85.4%, reaching 254 shares worth around $30,000 following a purchase of 117 additional shares.
Other significant increases include New Millennium Group LLC, which raised its position by 105.3% to own 308 shares valued at $37,000. WPG Advisers LLC saw a remarkable growth of 306.6%, now holding 431 shares worth approximately $51,000 after buying 325 more shares. Additionally, Curio Wealth LLC increased its stake by 63.3%, culminating in 441 shares valued at around $52,000. Overall, institutional investors own approximately 66.92% of the ETF.
Market Performance and Overview
As of the latest trading session, the iShares Core S&P Small-Cap ETF opened at $122.05. The fund boasts a market capitalization of $89.75 billion, a price-to-earnings ratio of 16.52, and a beta of 1.08. Over the past year, the ETF has experienced a low of $89.22 and a high of $133.52. Its fifty-day moving average stands at $128.26, while the 200-day moving average is recorded at $122.45.
The iShares Core S&P Small-Cap ETF, formerly known as the iShares S&P SmallCap 600 Index Fund, aims to mirror the performance of the Standard & Poor’s SmallCap 600 Index. This index tracks publicly traded small-cap companies within the United States equity market. The constituent stocks are weighted based on their total float-adjusted market value, reflecting their relative significance in the market.
This substantial investment from United Financial Planning Group and the activities of other hedge funds highlight ongoing confidence in the iShares Core S&P Small-Cap ETF as a viable investment option, particularly in the small-cap sector.
