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

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) shares saw strong trading volume on Monday . 321,062 shares changed hands during 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 Stock Down 0.1%

The firm has a fifty day moving average of $168.04 and a 200-day moving average of $156.70. The firm has a market cap of $8.28 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 firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were given a dividend of $0.2566 per share. This represents a $1.03 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Monday, June 15th. This is a boost from iShares S&P Small-Cap 600 Growth ETF’s previous quarterly dividend of $0.22.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of IJT. Park Avenue Securities LLC lifted its position in iShares S&P Small-Cap 600 Growth ETF by 53.5% during the 4th quarter. Park Avenue Securities LLC now owns 26,089 shares of the company’s stock worth $3,683,000 after buying an additional 9,098 shares in the last quarter. Fortress Financial Group LLC boosted its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 9.8% during the 4th quarter. Fortress Financial Group LLC now owns 51,334 shares of the company’s stock worth $7,246,000 after buying an additional 4,579 shares during the last quarter. Kestra Private Wealth Services LLC grew its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 4.5% in the 4th quarter. Kestra Private Wealth Services LLC now owns 138,390 shares of the company’s stock valued at $19,535,000 after acquiring an additional 5,939 shares in the last quarter. Bartlett & CO. Wealth Management LLC raised its holdings in iShares S&P Small-Cap 600 Growth ETF by 1,290.3% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 3,879 shares of the company’s stock worth $548,000 after acquiring an additional 3,600 shares in the last quarter. Finally, Diversified Management Inc. acquired a new position in iShares S&P Small-Cap 600 Growth ETF during the fourth quarter valued at approximately $871,000. Institutional investors own 55.81% of the company’s stock.

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.