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

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) shares hit a new 52-week high on Monday . The company traded as high as $148.00 and last traded at $148.0090, with a volume of 51186 shares trading hands. The stock had previously closed at $147.46.

iShares S&P Small-Cap 600 Growth ETF Stock Up 0.5%

The business has a fifty day simple moving average of $142.18 and a 200-day simple moving average of $139.93. The firm has a market cap of $6.59 billion, a P/E ratio of 20.21 and a beta of 1.09.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were given a dividend of $0.4214 per share. This is a boost from iShares S&P Small-Cap 600 Growth ETF’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $1.69 dividend on an annualized basis and a yield of 1.1%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Angeles Wealth Management LLC purchased a new position in shares of iShares S&P Small-Cap 600 Growth ETF in the second quarter worth $27,000. Quaker Wealth Management LLC raised its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 200.5% in the second quarter. Quaker Wealth Management LLC now owns 219 shares of the company’s stock worth $29,000 after buying an additional 437 shares during the period. Beacon Capital Management LLC lifted its holdings in iShares S&P Small-Cap 600 Growth ETF by 803.3% during the second quarter. Beacon Capital Management LLC now owns 271 shares of the company’s stock valued at $36,000 after purchasing an additional 241 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in iShares S&P Small-Cap 600 Growth ETF in the 3rd quarter worth $36,000. Finally, Trust Co. of Toledo NA OH bought a new position in shares of iShares S&P Small-Cap 600 Growth ETF in the second quarter worth about $41,000. 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.