iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) Reaches New 12-Month High – Should You Buy?

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) hit a new 52-week high on Tuesday . The company traded as high as $166.43 and last traded at $165.35, with a volume of 15431 shares traded. The stock had previously closed at $162.55.

iShares S&P Small-Cap 600 Growth ETF Stock Up 0.3%

The business’s fifty day moving average is $157.92 and its 200 day moving average is $150.68. The firm has a market capitalization of $7.38 billion, a price-to-earnings ratio of 20.21 and a beta of 1.06.

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

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were given a $0.22 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $0.88 annualized dividend and a dividend yield of 0.5%.

Hedge Funds Weigh In On iShares S&P Small-Cap 600 Growth ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Park Avenue Securities LLC boosted its stake in iShares S&P Small-Cap 600 Growth ETF by 53.5% during the fourth quarter. Park Avenue Securities LLC now owns 26,089 shares of the company’s stock worth $3,683,000 after acquiring an additional 9,098 shares in the last quarter. Compound Planning Inc. boosted its stake in iShares S&P Small-Cap 600 Growth ETF by 12.2% during the third quarter. Compound Planning Inc. now owns 53,480 shares of the company’s stock worth $7,567,000 after acquiring an additional 5,797 shares in the last quarter. Fortress Financial Group LLC boosted its stake in iShares S&P Small-Cap 600 Growth ETF by 9.8% during the fourth quarter. Fortress Financial Group LLC now owns 51,334 shares of the company’s stock worth $7,246,000 after acquiring an additional 4,579 shares in the last quarter. HighTower Advisors LLC boosted its stake in iShares S&P Small-Cap 600 Growth ETF by 5.6% during the third quarter. HighTower Advisors LLC now owns 364,057 shares of the company’s stock worth $51,516,000 after acquiring an additional 19,237 shares in the last quarter. Finally, Bartlett & CO. Wealth Management LLC boosted its stake in iShares S&P Small-Cap 600 Growth ETF by 1,290.3% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 3,879 shares of the company’s stock worth $548,000 after acquiring an additional 3,600 shares in the last quarter. 55.81% of the stock is currently owned by institutional investors and hedge funds.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.