iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) Hits New 52-Week High – Time to Buy?

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $152.83 and last traded at $152.18, with a volume of 111640 shares changing hands. The stock had previously closed at $148.84.

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

The firm has a 50-day simple moving average of $143.54 and a 200-day simple moving average of $140.67. The firm has a market capitalization of $6.77 billion, a PE 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, December 19th. Investors of record on Tuesday, December 16th were issued a $0.4214 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This is a positive change from iShares S&P Small-Cap 600 Growth ETF’s previous quarterly dividend of $0.31. This represents a $1.69 dividend on an annualized basis and a dividend yield of 1.1%.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Angeles Wealth Management LLC purchased a new stake in shares of iShares S&P Small-Cap 600 Growth ETF in the 2nd quarter worth $27,000. Signature Resources Capital Management LLC grew its holdings in iShares S&P Small-Cap 600 Growth ETF by 18,800.0% during the fourth quarter. Signature Resources Capital Management LLC now owns 189 shares of the company’s stock valued at $27,000 after purchasing an additional 188 shares during the period. Quaker Wealth Management LLC grew its holdings in iShares S&P Small-Cap 600 Growth ETF by 200.5% during the second quarter. Quaker Wealth Management LLC now owns 219 shares of the company’s stock valued at $29,000 after purchasing an additional 437 shares during the period. Sound Income Strategies LLC increased its position in iShares S&P Small-Cap 600 Growth ETF by 285.2% in the fourth quarter. Sound Income Strategies LLC now owns 208 shares of the company’s stock worth $31,000 after buying an additional 154 shares in the last quarter. Finally, Beacon Capital Management LLC raised its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 803.3% in the second quarter. Beacon Capital Management LLC now owns 271 shares of the company’s stock worth $36,000 after buying an additional 241 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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.