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

Shares of iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT – Get Free Report) saw unusually-strong trading volume on Monday. 940,609 shares changed hands during trading, an increase of 473% from the previous session’s volume of 164,090 shares. The stock last traded at $162.4910 and had previously closed at $161.18.

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

The firm has a market cap of $7.59 billion, a price-to-earnings ratio of 20.21 and a beta of 1.05. The firm has a fifty day simple moving average of $165.81 and a 200-day simple moving average of $166.68.

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 given a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.44 dividend on an annualized basis and a yield of 0.9%. This is a boost from iShares S&P Small-Cap 600 Growth ETF’s previous quarterly dividend of $0.2566.

Hedge Funds Weigh In On iShares S&P Small-Cap 600 Growth ETF

Large investors have recently modified their holdings of the company. Quadcap Wealth Management LLC lifted its stake in iShares S&P Small-Cap 600 Growth ETF by 0.9% during the first quarter. Quadcap Wealth Management LLC now owns 7,599 shares of the company’s stock worth $1,100,000 after purchasing an additional 66 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in shares of 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 buying an additional 75 shares during the last quarter. CoreCap Advisors LLC raised 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 acquiring an additional 77 shares in the last quarter. NewEdge Wealth LLC grew its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 6.0% during the first 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 last quarter. Finally, Valmark Advisers Inc. lifted its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 7.9% in the 1st quarter. Valmark Advisers Inc. now owns 1,638 shares of the company’s stock valued at $237,000 after purchasing an additional 120 shares during the last quarter. 55.81% of the stock is currently owned by institutional investors.

iShares S&P Small-Cap 600 Growth ETF Company Profile

(Get Free Report)

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.

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