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

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

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

The stock has a 50 day moving average price of $171.47 and a 200 day moving average price of $159.42. The company has a market cap of $8.43 billion, a P/E 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. Investors of record on Monday, June 15th were issued a dividend of $0.2566 per share. The ex-dividend date of this dividend was Monday, June 15th. This is an increase from iShares S&P Small-Cap 600 Growth ETF’s previous quarterly dividend of $0.22. This represents a $1.03 dividend on an annualized basis and a yield of 0.6%.

Institutional Investors Weigh In On iShares S&P Small-Cap 600 Growth ETF

A number of institutional investors and hedge funds have recently bought and sold shares of IJT. Sound Income Strategies LLC grew its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 285.2% in the 4th quarter. Sound Income Strategies LLC now owns 208 shares of the company’s stock worth $31,000 after purchasing an additional 154 shares during the last quarter. North Star Investment Management Corp. lifted its stake in iShares S&P Small-Cap 600 Growth ETF by 102.4% during the fourth quarter. North Star Investment Management Corp. now owns 257 shares of the company’s stock valued at $36,000 after purchasing an additional 130 shares during the last quarter. Smartleaf Asset Management LLC bought a new stake in iShares S&P Small-Cap 600 Growth ETF during the fourth quarter worth approximately $36,000. Ashton Thomas Securities LLC bought a new stake in iShares S&P Small-Cap 600 Growth ETF during the first quarter worth approximately $37,000. Finally, Biltmore Family Office LLC acquired a new position in iShares S&P Small-Cap 600 Growth ETF in the fourth quarter worth approximately $40,000. 55.81% of the stock is owned by institutional investors and hedge funds.

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.