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

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) shares saw strong trading volume on Wednesday . 472,474 shares changed hands during trading, an increase of 281% from the previous session’s volume of 124,109 shares.The stock last traded at $179.07 and had previously closed at $178.60.

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

The company’s fifty day simple moving average is $164.47 and its 200-day simple moving average is $154.00. The firm has a market capitalization of $8.09 billion, a PE ratio of 20.21 and a beta of 1.06.

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 paid a dividend of $0.2566 per share. This is a boost from iShares S&P Small-Cap 600 Growth ETF’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.03 annualized dividend and a yield of 0.6%.

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

Hedge funds have recently modified their holdings of the business. Signature Resources Capital Management LLC lifted its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 18,800.0% in the fourth quarter. Signature Resources Capital Management LLC now owns 189 shares of the company’s stock worth $27,000 after buying an additional 188 shares in the last quarter. Sound Income Strategies LLC raised its holdings in iShares S&P Small-Cap 600 Growth ETF by 285.2% in the 4th quarter. Sound Income Strategies LLC now owns 208 shares of the company’s stock valued at $31,000 after acquiring an additional 154 shares during the last quarter. Smartleaf Asset Management LLC purchased a new position in iShares S&P Small-Cap 600 Growth ETF in the 4th quarter worth approximately $36,000. Ashton Thomas Securities LLC acquired a new position in shares of iShares S&P Small-Cap 600 Growth ETF during the 1st quarter worth approximately $37,000. Finally, North Star Investment Management Corp. grew its position in shares of iShares S&P Small-Cap 600 Growth ETF by 102.4% in the fourth quarter. North Star Investment Management Corp. now owns 257 shares of the company’s stock valued at $36,000 after purchasing an additional 130 shares in the last quarter. 55.81% of the stock is currently owned by institutional investors and hedge funds.

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.