iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) Sees Strong Trading Volume – Should You Buy?

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) shares saw an uptick in trading volume on Monday . 321,062 shares were traded during mid-day trading, an increase of 133% from the previous session’s volume of 137,602 shares.The stock last traded at $172.71 and had previously closed at $172.88.

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

The company has a fifty day moving average of $168.47 and a two-hundred day moving average of $157.13. The stock has a market capitalization of $8.30 billion, a P/E ratio of 20.21 and a beta of 1.04.

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

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were given a $0.2566 dividend. This represents a $1.03 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Monday, June 15th. This is a positive change from iShares S&P Small-Cap 600 Growth ETF’s previous quarterly dividend of $0.22.

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

A number of institutional investors have recently made changes to their positions in the company. Signature Resources Capital Management LLC lifted its stake in iShares S&P Small-Cap 600 Growth ETF by 18,800.0% during the fourth quarter. Signature Resources Capital Management LLC now owns 189 shares of the company’s stock worth $27,000 after purchasing an additional 188 shares during the last quarter. Sound Income Strategies LLC increased its stake in iShares S&P Small-Cap 600 Growth ETF by 285.2% during the fourth quarter. Sound Income Strategies LLC now owns 208 shares of the company’s stock valued at $31,000 after purchasing an additional 154 shares during the last quarter. North Star Investment Management Corp. raised its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 102.4% during the fourth quarter. North Star Investment Management Corp. now owns 257 shares of the company’s stock worth $36,000 after purchasing an additional 130 shares during the period. Smartleaf Asset Management LLC acquired a new stake in shares of iShares S&P Small-Cap 600 Growth ETF during the fourth quarter worth $36,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of iShares S&P Small-Cap 600 Growth ETF in the 1st quarter worth about $37,000. 55.81% of the stock is currently owned by institutional investors.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.