iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) Reaches New 12-Month High – Here’s Why

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) reached a new 52-week high during trading on Thursday . The company traded as high as $154.81 and last traded at $154.74, with a volume of 47073 shares. The stock had previously closed at $152.88.

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

The firm has a fifty day moving average of $148.39 and a two-hundred day moving average of $144.90. The stock has a market capitalization of $6.95 billion, a P/E ratio of 20.21 and a beta of 1.05.

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

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

Institutional Trading of iShares S&P Small-Cap 600 Growth ETF

Several institutional investors and hedge funds have recently made changes to their positions in IJT. AQR Capital Management LLC raised its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 238.6% in the first quarter. AQR Capital Management LLC now owns 7,565 shares of the company’s stock valued at $942,000 after acquiring an additional 5,331 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in shares of iShares S&P Small-Cap 600 Growth ETF in the 2nd quarter valued at $256,000. Gamco Investors INC. ET AL purchased a new position in shares of iShares S&P Small-Cap 600 Growth ETF in the 2nd quarter valued at $220,000. NewEdge Advisors LLC increased its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 6.0% in the 2nd quarter. NewEdge Advisors LLC now owns 10,312 shares of the company’s stock valued at $1,372,000 after acquiring an additional 586 shares during the period. Finally, Peapack Gladstone Financial Corp increased its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 4.8% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 31,357 shares of the company’s stock valued at $4,172,000 after acquiring an additional 1,444 shares during the period. 55.81% of the stock is currently owned by institutional investors.

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.