iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) Reaches New 1-Year High – Still a Buy?

Shares of iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $165.02 and last traded at $164.98, with a volume of 205445 shares trading hands. The stock had previously closed at $161.93.

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

The company has a fifty day moving average price of $153.99 and a two-hundred day moving average price of $148.93. The company has a market cap of $7.48 billion, a P/E ratio of 20.21 and a beta of 1.07.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were paid a dividend of $0.22 per share. The ex-dividend date was Tuesday, March 17th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.5%.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quadcap Wealth Management LLC increased its holdings in iShares S&P Small-Cap 600 Growth ETF by 0.9% during the first 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. Essex Financial Services Inc. grew its position in shares of iShares S&P Small-Cap 600 Growth ETF by 1.0% in the 3rd quarter. Essex Financial Services Inc. now owns 7,237 shares of the company’s stock valued at $1,024,000 after acquiring an additional 72 shares during the period. Taylor Financial Group Inc. grew its position in shares of iShares S&P Small-Cap 600 Growth ETF by 0.4% in the 4th 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 period. Hazlett Burt & Watson Inc. increased its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 3.3% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 2,482 shares of the company’s stock worth $352,000 after purchasing an additional 80 shares during the last quarter. Finally, Capital Investment Counsel LLC increased its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 5.1% during the 3rd quarter. Capital Investment Counsel LLC now owns 1,816 shares of the company’s stock worth $257,000 after purchasing an additional 88 shares during the last quarter. 55.81% of the stock is owned by 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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.