iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) Reaches New 52-Week High – Here’s Why

Shares of iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) reached a new 52-week high during trading on Thursday . The company traded as high as $147.09 and last traded at $146.7450, with a volume of 7421 shares changing hands. The stock had previously closed at $145.85.

iShares S&P Small-Cap 600 Growth ETF Price Performance

The firm’s fifty day simple moving average is $140.88 and its 200 day simple moving average is $137.77. The company has a market capitalization of $6.53 billion, a price-to-earnings ratio of 20.21 and a beta of 1.09.

iShares S&P Small-Cap 600 Growth ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Tuesday, September 16th were paid a $0.314 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $1.26 annualized dividend and a yield of 0.9%. This is an increase from iShares S&P Small-Cap 600 Growth ETF’s previous quarterly dividend of $0.29.

Institutional Trading of iShares S&P Small-Cap 600 Growth ETF

Hedge funds have recently made changes to their positions in the stock. Atlantic Union Bankshares Corp acquired a new stake in shares of iShares S&P Small-Cap 600 Growth ETF in the second quarter worth $71,000. Twelve Points Wealth Management LLC acquired a new position in iShares S&P Small-Cap 600 Growth ETF during the 2nd quarter worth $211,000. San Luis Wealth Advisors LLC bought a new stake in iShares S&P Small-Cap 600 Growth ETF during the second quarter valued at about $4,000,000. Janney Montgomery Scott LLC grew its position in shares of iShares S&P Small-Cap 600 Growth ETF by 0.3% in the second quarter. Janney Montgomery Scott LLC now owns 27,804 shares of the company’s stock valued at $3,699,000 after purchasing an additional 84 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 1.9% in the second quarter. Bank of Montreal Can now owns 35,380 shares of the company’s stock worth $4,707,000 after purchasing an additional 657 shares during the period. 55.81% of the stock is owned by hedge funds and other institutional investors.

About iShares S&P Small-Cap 600 Growth ETF

iShares S&P Small-Cap 600 Growth ETF, formerly iShares S&P SmallCap 600 Growth Index Fund (the Fund), seeks investment results that correspond generally to the price and yield performance of the S&P SmallCap 600 Growth Index (the Index). The Index measures the performance of the small-capitalization growth sector of the United States equity market and consists of those stocks in the S&P SmallCap 600 Index exhibiting the strongest growth characteristics.