iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) Sees Unusually-High Trading Volume – Here’s Why

by · The Markets Daily

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT – Get Free Report) shares saw unusually-high trading volume on Monday. Approximately 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 Trading Up 0.7%

The company has a market capitalization of $7.59 billion, a PE ratio of 20.21 and a beta of 1.05. The firm has a 50 day simple moving average of $165.81 and a two-hundred day simple moving average of $166.68.

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

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Apollon Wealth Management LLC raised its holdings in iShares S&P Small-Cap 600 Growth ETF by 4.9% during the third quarter. Apollon Wealth Management LLC now owns 5,454 shares of the company’s stock worth $874,000 after purchasing an additional 256 shares during the last quarter. Sigma Planning Corp purchased a new position in shares of iShares S&P Small-Cap 600 Growth ETF during the 3rd quarter worth approximately $8,224,000. Valley National Advisers Inc. acquired a new position in shares of iShares S&P Small-Cap 600 Growth ETF during the 3rd quarter worth approximately $285,000. Signaturefd LLC purchased a new stake in iShares S&P Small-Cap 600 Growth ETF in the 3rd quarter valued at approximately $28,000. Finally, ORBA Wealth Advisors L.L.C. grew its holdings in iShares S&P Small-Cap 600 Growth ETF by 30.7% during the 3rd quarter. ORBA Wealth Advisors L.L.C. now owns 1,630 shares of the company’s stock valued at $261,000 after buying an additional 383 shares during the last quarter. 55.81% of the stock is currently owned by institutional investors and hedge funds.

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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