iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) Reaches New 52-Week High – Should You Buy?

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) reached a new 52-week high during trading on Wednesday . The stock traded as high as $179.68 and last traded at $179.41, with a volume of 112246 shares. The stock had previously closed at $179.07.

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

The firm’s 50-day moving average price is $170.97 and its two-hundred day moving average price is $159.05. The stock has a market cap of $8.48 billion, a price-to-earnings ratio of 20.21 and a beta of 1.04.

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

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a dividend of $0.2566 per share. This represents a $1.03 dividend on an annualized basis and a yield of 0.6%. This is a boost from iShares S&P Small-Cap 600 Growth ETF’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, June 15th.

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

Several hedge funds have recently made changes to their positions in the company. Quadcap Wealth Management LLC increased its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 0.9% during the 1st quarter. Quadcap Wealth Management LLC now owns 7,599 shares of the company’s stock worth $1,100,000 after buying an additional 66 shares during the last quarter. CoreCap Advisors LLC lifted its holdings in iShares S&P Small-Cap 600 Growth ETF by 29.6% in the second quarter. CoreCap Advisors LLC now owns 337 shares of the company’s stock valued at $60,000 after acquiring an additional 77 shares during the last quarter. Taylor Financial Group Inc. lifted its holdings in iShares S&P Small-Cap 600 Growth ETF by 0.4% in the fourth quarter. Taylor Financial Group Inc. now owns 17,639 shares of the company’s stock valued at $2,490,000 after acquiring an additional 79 shares during the last quarter. Hazlett Burt & Watson Inc. grew its position in iShares S&P Small-Cap 600 Growth ETF by 3.3% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 2,482 shares of the company’s stock worth $352,000 after acquiring an additional 80 shares during the period. Finally, NewEdge Wealth LLC increased its stake in iShares S&P Small-Cap 600 Growth ETF by 6.0% during the first quarter. NewEdge Wealth LLC now owns 1,560 shares of the company’s stock worth $226,000 after acquiring an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 55.81% of the company’s stock.

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.