iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) Hits New 1-Year High – Time to Buy?

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) shares hit a new 52-week high on Monday . The stock traded as high as $176.84 and last traded at $174.60, with a volume of 99433 shares changing hands. The stock had previously closed at $176.31.

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

The business’s fifty day moving average price is $163.69 and its 200-day moving average price is $153.53. The stock has a market capitalization of $7.97 billion, a PE ratio of 20.21 and a beta of 1.06.

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

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

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

Institutional investors and hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. increased its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 3,998.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 33,531,028 shares of the company’s stock worth $4,733,240,000 after buying an additional 32,712,932 shares during the last quarter. Bank of America Corp DE grew its position in iShares S&P Small-Cap 600 Growth ETF by 1.0% in the first quarter. Bank of America Corp DE now owns 2,046,459 shares of the company’s stock worth $296,143,000 after acquiring an additional 19,746 shares in the last quarter. UBS Group AG increased its stake in iShares S&P Small-Cap 600 Growth ETF by 0.6% in the third quarter. UBS Group AG now owns 1,068,064 shares of the company’s stock valued at $151,131,000 after acquiring an additional 6,157 shares during the last quarter. LPL Financial LLC raised its position in iShares S&P Small-Cap 600 Growth ETF by 0.5% during the fourth quarter. LPL Financial LLC now owns 957,106 shares of the company’s stock valued at $135,105,000 after purchasing an additional 4,940 shares in the last quarter. Finally, Brown Advisory Inc. lifted its stake in iShares S&P Small-Cap 600 Growth ETF by 55.9% during the fourth quarter. Brown Advisory Inc. now owns 836,147 shares of the company’s stock worth $118,031,000 after purchasing an additional 299,807 shares during the last quarter. Hedge funds and other institutional investors own 55.81% of the company’s stock.

iShares S&P Small-Cap 600 Growth ETF Company Profile

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.