iShares Core S&P Small-Cap ETF (NYSEARCA:IJR) Hits New 1-Year High – Time to Buy?

iShares Core S&P Small-Cap ETF (NYSEARCA:IJR) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $123.77 and last traded at $123.27, with a volume of 519130 shares traded. The stock had previously closed at $117.37.

iShares Core S&P Small-Cap ETF Price Performance

The stock’s 50-day moving average is $115.13 and its 200-day moving average is $111.47. The stock has a market cap of $90.25 billion, a price-to-earnings ratio of 12.95 and a beta of 1.16.

Hedge Funds Weigh In On iShares Core S&P Small-Cap ETF

A number of hedge funds have recently made changes to their positions in IJR. Envestnet Asset Management Inc. lifted its holdings in shares of iShares Core S&P Small-Cap ETF by 98.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 17,112,936 shares of the exchange traded fund’s stock valued at $1,825,266,000 after acquiring an additional 8,492,105 shares in the last quarter. International Assets Investment Management LLC increased its stake in iShares Core S&P Small-Cap ETF by 8,742.1% during the 3rd quarter. International Assets Investment Management LLC now owns 1,545,682 shares of the exchange traded fund’s stock worth $180,783,000 after buying an additional 1,528,201 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in iShares Core S&P Small-Cap ETF by 3.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 34,903,124 shares of the exchange traded fund’s stock worth $3,723,730,000 after buying an additional 1,149,045 shares during the period. Venturi Wealth Management LLC increased its stake in iShares Core S&P Small-Cap ETF by 15,751.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 828,874 shares of the exchange traded fund’s stock worth $96,945,000 after buying an additional 823,645 shares during the period. Finally, J.Safra Asset Management Corp bought a new stake in shares of iShares Core S&P Small-Cap ETF in the 1st quarter worth about $78,567,000.

About iShares Core S&P Small-Cap ETF

iShares Core S&P Small-Cap ETF, formerly iShares S&P SmallCap 600 Index Fund, seeks investment results that correspond generally to the price and yield performance of the Standard & Poor’s SmallCap 600 Index (the Index). The Index measures the performance of publicly traded securities in the small-capitalization sector of the United States equity market.