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

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $166.43 and last traded at $165.35, with a volume of 15431 shares traded. The stock had previously closed at $162.55.

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

The firm’s 50 day moving average is $157.92 and its 200 day moving average is $150.68. The company has a market cap of $7.38 billion, a PE ratio of 20.21 and a beta of 1.06.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.88 annualized dividend and a dividend yield of 0.5%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in IJT. Northwestern Mutual Wealth Management Co. increased its position in iShares S&P Small-Cap 600 Growth ETF by 3,998.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 33,531,028 shares of the company’s stock valued at $4,733,240,000 after purchasing an additional 32,712,932 shares during the period. Bank of America Corp DE raised its position in iShares S&P Small-Cap 600 Growth ETF by 1.0% in the 1st quarter. Bank of America Corp DE now owns 2,046,459 shares of the company’s stock worth $296,143,000 after buying an additional 19,746 shares during the last quarter. UBS Group AG increased its holdings in iShares S&P Small-Cap 600 Growth ETF by 0.6% in 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 in the last quarter. LPL Financial LLC boosted its position in shares of iShares S&P Small-Cap 600 Growth ETF by 0.5% during the 4th quarter. LPL Financial LLC now owns 957,106 shares of the company’s stock valued at $135,105,000 after acquiring an additional 4,940 shares during the last quarter. Finally, Brown Advisory Inc. lifted its position in 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 buying an additional 299,807 shares during the last quarter. 55.81% of the stock is owned by hedge funds and other institutional investors.

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.