iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) Reaches New 12-Month High – Should You Buy?

Shares of iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) reached a new 52-week high on Monday . The company traded as high as $171.58 and last traded at $171.55, with a volume of 6158 shares. The stock had previously closed at $170.72.

iShares S&P Small-Cap 600 Growth ETF Trading Down 0.4%

The stock has a market capitalization of $7.73 billion, a P/E ratio of 20.21 and a beta of 1.06. The company’s 50-day moving average is $162.55 and its two-hundred day moving average is $152.87.

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 given a $0.2566 dividend. This is a positive change from iShares S&P Small-Cap 600 Growth ETF’s previous quarterly dividend of $0.22. The ex-dividend date was Monday, June 15th. This represents a $1.03 annualized dividend and a yield of 0.6%.

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

A number of hedge funds have recently made changes to their positions in IJT. Northwestern Mutual Wealth Management Co. grew its holdings in 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 in the last quarter. Bank of America Corp DE boosted its position in iShares S&P Small-Cap 600 Growth ETF by 1.0% during the 1st 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 during the period. UBS Group AG boosted its position in iShares S&P Small-Cap 600 Growth ETF by 0.6% during the 3rd quarter. UBS Group AG now owns 1,068,064 shares of the company’s stock worth $151,131,000 after acquiring an additional 6,157 shares during the period. LPL Financial LLC grew its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 0.5% in the fourth quarter. LPL Financial LLC now owns 957,106 shares of the company’s stock worth $135,105,000 after purchasing an additional 4,940 shares in the last quarter. Finally, Brown Advisory Inc. grew its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 55.9% in 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 in the last quarter. 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.