iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) Sees Large Volume Increase – What’s Next?

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) saw strong trading volume on Tuesday. 304,925 shares traded hands during trading, an increase of 89% from the previous session’s volume of 161,637 shares. The stock last traded at $164.4560 and had previously closed at $163.99.

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

The firm’s 50 day moving average price is $169.82 and its two-hundred day moving average price is $164.99. The firm has a market cap of $7.79 billion, a PE ratio of 20.21 and a beta of 1.05.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were given a $0.36 dividend. The ex-dividend date was Tuesday, September 15th. This is a positive change from iShares S&P Small-Cap 600 Growth ETF’s previous quarterly dividend of $0.2566. This represents a $1.44 annualized dividend and a yield of 0.9%.

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

A number of hedge funds have recently modified their holdings of IJT. Bank of America Corp DE raised its holdings in iShares S&P Small-Cap 600 Growth ETF by 1.0% in the 1st quarter. Bank of America Corp DE now owns 2,046,459 shares of the company’s stock valued at $296,143,000 after buying an additional 19,746 shares during the period. LPL Financial LLC increased its position in shares of iShares S&P Small-Cap 600 Growth ETF by 0.5% during the fourth quarter. LPL Financial LLC now owns 957,106 shares of the company’s stock valued at $135,105,000 after acquiring an additional 4,940 shares during the last quarter. Brown Advisory Inc. increased its position in shares of iShares S&P Small-Cap 600 Growth ETF by 55.9% during the fourth quarter. Brown Advisory Inc. now owns 836,147 shares of the company’s stock valued at $118,031,000 after acquiring an additional 299,807 shares during the last quarter. Royal Bank of Canada raised its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 4.0% in the 1st quarter. Royal Bank of Canada now owns 339,450 shares of the company’s stock valued at $49,121,000 after acquiring an additional 13,190 shares during the period. Finally, Beaumont Financial Advisors LLC lifted its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 1.2% in the 1st quarter. Beaumont Financial Advisors LLC now owns 249,133 shares of the company’s stock worth $36,052,000 after acquiring an additional 3,035 shares during the last quarter. 55.81% of the stock is currently owned by hedge funds and other 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.