iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) Sees Strong Trading Volume – Here’s Why

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) saw unusually-strong trading volume on Tuesday. 304,925 shares traded hands during trading, an increase of 89% from the previous session’s volume of 161,637 shares. The stock last traded at $164.4560 and had previously closed at $163.99.

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

The stock has a market capitalization of $7.68 billion, a P/E ratio of 20.21 and a beta of 1.05. The firm has a fifty day moving average price of $169.47 and a two-hundred day moving average price of $165.25.

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

The company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were issued a $0.36 dividend. This is a positive change from iShares S&P Small-Cap 600 Growth ETF’s previous quarterly dividend of $0.2566. This represents a $1.44 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, September 15th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Quadcap Wealth Management LLC increased its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 0.9% in the 1st quarter. Quadcap Wealth Management LLC now owns 7,599 shares of the company’s stock valued at $1,100,000 after acquiring an additional 66 shares during the period. Sequoia Financial Advisors LLC raised its position in iShares S&P Small-Cap 600 Growth ETF by 1.5% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,122 shares of the company’s stock valued at $915,000 after purchasing an additional 75 shares during the last quarter. CoreCap Advisors LLC boosted its stake in iShares S&P Small-Cap 600 Growth ETF by 29.6% during the 2nd quarter. CoreCap Advisors LLC now owns 337 shares of the company’s stock worth $60,000 after purchasing an additional 77 shares during the period. NewEdge Wealth LLC boosted its stake in iShares S&P Small-Cap 600 Growth ETF by 6.0% during the 1st quarter. NewEdge Wealth LLC now owns 1,560 shares of the company’s stock worth $226,000 after purchasing an additional 88 shares during the period. Finally, Valmark Advisers Inc. boosted its stake in iShares S&P Small-Cap 600 Growth ETF by 7.9% during the 1st quarter. Valmark Advisers Inc. now owns 1,638 shares of the company’s stock worth $237,000 after purchasing an additional 120 shares during the period. 55.81% of the stock is owned by hedge funds and other 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.