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

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

iShares S&P Small-Cap 600 Growth ETF Stock Down 0.8%

The stock has a market capitalization of $7.37 billion, a PE ratio of 20.21 and a beta of 1.06. The stock has a fifty day moving average of $158.83 and a 200-day moving average of $151.09.

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 $0.22 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $0.88 dividend on an annualized basis and a yield of 0.5%.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Park Avenue Securities LLC increased its position in shares of iShares S&P Small-Cap 600 Growth ETF by 53.5% during the fourth quarter. Park Avenue Securities LLC now owns 26,089 shares of the company’s stock worth $3,683,000 after purchasing an additional 9,098 shares in the last quarter. Compound Planning Inc. increased its position in shares of iShares S&P Small-Cap 600 Growth ETF by 12.2% during the third quarter. Compound Planning Inc. now owns 53,480 shares of the company’s stock worth $7,567,000 after purchasing an additional 5,797 shares in the last quarter. Fortress Financial Group LLC increased its position in shares of iShares S&P Small-Cap 600 Growth ETF by 9.8% during the fourth quarter. Fortress Financial Group LLC now owns 51,334 shares of the company’s stock worth $7,246,000 after purchasing an additional 4,579 shares in the last quarter. HighTower Advisors LLC increased its position in shares of iShares S&P Small-Cap 600 Growth ETF by 5.6% during the third quarter. HighTower Advisors LLC now owns 364,057 shares of the company’s stock worth $51,516,000 after purchasing an additional 19,237 shares in the last quarter. Finally, Kestra Private Wealth Services LLC increased its position in shares of iShares S&P Small-Cap 600 Growth ETF by 4.5% during the fourth quarter. Kestra Private Wealth Services LLC now owns 138,390 shares of the company’s stock worth $19,535,000 after purchasing an additional 5,939 shares in the last quarter. 55.81% of the stock is currently owned by institutional investors and hedge funds.

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.