iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) Reaches New 12-Month High – Should You Buy?

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT)’s stock price hit a new 52-week high on Monday . The stock traded as high as $150.14 and last traded at $150.14, with a volume of 1138 shares changing hands. The stock had previously closed at $148.34.

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

The stock has a market capitalization of $6.97 billion, a price-to-earnings ratio of 14.69 and a beta of 1.13. The business’s 50 day simple moving average is $140.14 and its 200-day simple moving average is $135.01.

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

The company also recently announced a dividend, which was paid on Monday, September 30th. Investors of record on Wednesday, September 25th were issued a dividend of $0.5237 per share. The ex-dividend date was Wednesday, September 25th.

Hedge Funds Weigh In On iShares S&P Small-Cap 600 Growth ETF

A number of hedge funds have recently modified their holdings of IJT. B. Riley Wealth Advisors Inc. boosted its holdings in iShares S&P Small-Cap 600 Growth ETF by 7.5% in the first quarter. B. Riley Wealth Advisors Inc. now owns 4,889 shares of the company’s stock worth $639,000 after purchasing an additional 339 shares in the last quarter. Comerica Bank increased its position in shares of iShares S&P Small-Cap 600 Growth ETF by 7.6% during the 1st quarter. Comerica Bank now owns 43,513 shares of the company’s stock worth $5,688,000 after purchasing an additional 3,077 shares in the last quarter. Citizens Financial Group Inc. RI raised its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 2.0% in the first quarter. Citizens Financial Group Inc. RI now owns 4,418 shares of the company’s stock valued at $578,000 after buying an additional 86 shares during the last quarter. Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of iShares S&P Small-Cap 600 Growth ETF in the 1st quarter valued at $61,000. Finally, Cetera Investment Advisers raised its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 120.2% during the first quarter. Cetera Investment Advisers now owns 142,905 shares of the company’s stock worth $18,682,000 after buying an additional 77,996 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

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.