iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) Sets New 12-Month High – Still a Buy?

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $176.84 and last traded at $174.60, with a volume of 99433 shares. The stock had previously closed at $176.31.

iShares S&P Small-Cap 600 Growth ETF Stock Up 1.1%

The firm has a market capitalization of $8.09 billion, a PE ratio of 20.21 and a beta of 1.06. The company’s 50-day simple moving average is $164.47 and its 200 day simple moving average is $154.00.

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

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid 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 was Monday, June 15th. This represents a $1.03 annualized dividend and a dividend yield of 0.6%.

Institutional Investors Weigh In On iShares S&P Small-Cap 600 Growth ETF

Institutional investors have recently bought and sold shares of the company. Signature Resources Capital Management LLC increased its position in shares of iShares S&P Small-Cap 600 Growth ETF by 18,800.0% during the fourth quarter. Signature Resources Capital Management LLC now owns 189 shares of the company’s stock worth $27,000 after purchasing an additional 188 shares in the last quarter. Sound Income Strategies LLC boosted its position in shares of iShares S&P Small-Cap 600 Growth ETF by 285.2% in the 4th quarter. Sound Income Strategies LLC now owns 208 shares of the company’s stock worth $31,000 after purchasing an additional 154 shares in the last quarter. North Star Investment Management Corp. boosted its position in shares of iShares S&P Small-Cap 600 Growth ETF by 102.4% in the 4th quarter. North Star Investment Management Corp. now owns 257 shares of the company’s stock worth $36,000 after purchasing an additional 130 shares in the last quarter. Smartleaf Asset Management LLC purchased a new position in iShares S&P Small-Cap 600 Growth ETF during the 4th quarter worth $36,000. Finally, Ashton Thomas Securities LLC purchased a new position in iShares S&P Small-Cap 600 Growth ETF during the 1st quarter worth $37,000. 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.