iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) Reaches New 12-Month High After Dividend Announcement

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJTGet Free Report) shares reached a new 52-week high during mid-day trading on Monday following a dividend announcement from the company. The company traded as high as $171.53 and last traded at $171.36, with a volume of 4237 shares trading hands. The stock had previously closed at $169.03.

The newly announced dividend which will be paid on Thursday, June 18th. Shareholders of record on Monday, June 15th will be given a dividend of $0.2566 per share. This is a boost from iShares S&P Small-Cap 600 Growth ETF’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.03 annualized dividend and a yield of 0.6%.

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

The firm’s 50-day simple moving average is $160.65 and its 200 day simple moving average is $151.90. The stock has a market capitalization of $7.66 billion, a P/E ratio of 20.21 and a beta of 1.06.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Park Avenue Securities LLC increased its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 53.5% during the 4th 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 during the last quarter. Compound Planning Inc. increased its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 12.2% during the 3rd 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 during the last quarter. Fortress Financial Group LLC increased its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 9.8% during the 4th 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 during the last quarter. HighTower Advisors LLC increased its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 5.6% during the 3rd 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 during the last quarter. Finally, Kestra Private Wealth Services LLC increased its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 4.5% during the 4th 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 during 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

(Get Free Report)

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.

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