iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) Hits New 52-Week Low – Here’s Why

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) shares reached a new 52-week low on Thursday . The company traded as low as $120.32 and last traded at $120.90, with a volume of 130148 shares changing hands. The stock had previously closed at $123.23.

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

The firm’s fifty day moving average is $136.24 and its 200-day moving average is $138.69. The company has a market capitalization of $5.75 billion, a P/E ratio of 19.15 and a beta of 1.13.

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

The business also recently declared a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were issued a dividend of $0.3508 per share. The ex-dividend date was Tuesday, December 17th.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of IJT. Assetmark Inc. boosted its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 1,328.7% during the third quarter. Assetmark Inc. now owns 1,243 shares of the company’s stock valued at $173,000 after purchasing an additional 1,156 shares in the last quarter. Droms Strauss Advisors Inc. MO ADV bought a new position in iShares S&P Small-Cap 600 Growth ETF in the 4th quarter valued at approximately $7,932,000. Strategic Financial Concepts LLC acquired a new stake in iShares S&P Small-Cap 600 Growth ETF during the 4th quarter worth approximately $2,437,000. Jane Street Group LLC grew its holdings in iShares S&P Small-Cap 600 Growth ETF by 135.6% during the 3rd quarter. Jane Street Group LLC now owns 5,809 shares of the company’s stock worth $810,000 after acquiring an additional 3,343 shares during the last quarter. Finally, Park Avenue Securities LLC increased its position in iShares S&P Small-Cap 600 Growth ETF by 194.1% in the 4th quarter. Park Avenue Securities LLC now owns 5,115 shares of the company’s stock valued at $692,000 after acquiring an additional 3,376 shares during the period. Institutional investors own 55.81% of the company’s stock.

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.