iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) Hits New 52-Week High – Time to Buy?

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) shares hit a new 52-week high on Wednesday . The stock traded as high as $156.72 and last traded at $156.35, with a volume of 142133 shares trading hands. The stock had previously closed at $155.19.

iShares S&P Small-Cap 600 Growth ETF Stock Up 0.7%

The company has a market capitalization of $7.03 billion, a price-to-earnings ratio of 20.21 and a beta of 1.05. The company’s 50 day simple moving average is $148.85 and its two-hundred day simple moving average is $145.29.

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

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.6%. The ex-dividend date was Tuesday, March 17th.

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

Institutional investors have recently bought and sold shares of the company. Park Avenue Securities LLC lifted its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 53.5% during the fourth quarter. Park Avenue Securities LLC now owns 26,089 shares of the company’s stock worth $3,683,000 after buying an additional 9,098 shares during the period. Compound Planning Inc. lifted its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 12.2% during the third quarter. Compound Planning Inc. now owns 53,480 shares of the company’s stock worth $7,567,000 after buying an additional 5,797 shares during the period. Falcon Wealth Planning lifted its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 5.5% during the third quarter. Falcon Wealth Planning now owns 162,705 shares of the company’s stock worth $23,023,000 after buying an additional 8,461 shares during the period. RTD Financial Advisors Inc. lifted its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 3.9% during the third quarter. RTD Financial Advisors Inc. now owns 103,311 shares of the company’s stock worth $14,618,000 after buying an additional 3,847 shares during the period. Finally, Lake Street Private Wealth LLC lifted its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 10.0% during the fourth quarter. Lake Street Private Wealth LLC now owns 70,154 shares of the company’s stock worth $9,903,000 after buying an additional 6,389 shares during the period. 55.81% of the stock is currently owned by institutional investors and hedge funds.

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.