iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) Share Price Break Above 50-Day Moving Average – Here’s What Happened

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT – Get Free Report) passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $164.62 and traded as high as $167.46. iShares S&P Small-Cap 600 Growth ETF shares last traded at $165.26, with a volume of 434,980 shares trading hands.

iShares S&P Small-Cap 600 Growth ETF Trading Up 0.6%

The firm has a 50-day simple moving average of $164.62 and a two-hundred day simple moving average of $161.49. The company has a market capitalization of $7.50 billion, a price-to-earnings ratio of 20.21 and a beta of 1.05.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were issued a $0.36 dividend. This is an increase 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 was Tuesday, September 15th.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Albion Financial Group UT acquired a new position in iShares S&P Small-Cap 600 Growth ETF during the 3rd quarter valued at $26,000. Signaturefd LLC bought a new stake in iShares S&P Small-Cap 600 Growth ETF in the 3rd quarter valued at $28,000. Ashton Thomas Securities LLC acquired a new stake in iShares S&P Small-Cap 600 Growth ETF in the 1st quarter worth $37,000. Horizons Wealth Management acquired a new stake in iShares S&P Small-Cap 600 Growth ETF in the 3rd quarter worth $43,000. Finally, Financial Network Wealth Advisors LLC acquired a new stake in iShares S&P Small-Cap 600 Growth ETF in the 3rd quarter worth $52,000. Institutional investors own 55.81% of the company’s stock.

About iShares S&P Small-Cap 600 Growth ETF

(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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