iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) Reaches New 12-Month High – Here’s Why

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $161.45 and last traded at $161.45, with a volume of 11496 shares traded. The stock had previously closed at $160.31.

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

The company has a market capitalization of $7.20 billion, a P/E ratio of 20.21 and a beta of 1.05. The business has a 50-day moving average of $149.66 and a 200-day moving average of $145.96.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Tuesday, March 17th.

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

Several institutional investors and hedge funds have recently made changes to their positions in the business. Tred Avon Family Wealth LLC lifted its position in shares of iShares S&P Small-Cap 600 Growth ETF by 62.0% during the first quarter. Tred Avon Family Wealth LLC now owns 3,118 shares of the company’s stock worth $451,000 after purchasing an additional 1,193 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of iShares S&P Small-Cap 600 Growth ETF by 0.8% during the first quarter. Janney Montgomery Scott LLC now owns 29,895 shares of the company’s stock worth $4,326,000 after purchasing an additional 238 shares during the last quarter. BKM Wealth Management LLC lifted its position in shares of iShares S&P Small-Cap 600 Growth ETF by 2.3% during the first quarter. BKM Wealth Management LLC now owns 23,244 shares of the company’s stock worth $3,364,000 after purchasing an additional 517 shares during the last quarter. Meridian Financial Advisors LLC lifted its position in shares of iShares S&P Small-Cap 600 Growth ETF by 3.1% during the first quarter. Meridian Financial Advisors LLC now owns 3,999 shares of the company’s stock worth $579,000 after purchasing an additional 122 shares during the last quarter. Finally, Laurel Oak Wealth Management LLC lifted its position in shares of iShares S&P Small-Cap 600 Growth ETF by 38.5% during the first quarter. Laurel Oak Wealth Management LLC now owns 2,669 shares of the company’s stock worth $386,000 after purchasing an additional 742 shares during the last quarter. 55.81% of the stock is currently 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.