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

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) shares saw an uptick in trading volume on Monday. Approximately 940,609 shares were traded during mid-day trading, an increase of 473% from the average daily 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 0.3%

The company’s 50-day moving average price is $165.35 and its two-hundred day moving average price is $161.14. The company has a market cap of $7.67 billion, a P/E ratio of 20.21 and a beta of 1.05.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were paid a dividend of $0.36 per share. This is a boost 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%. The ex-dividend date of this dividend was Tuesday, September 15th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Lee Financial Co acquired a new stake in shares of iShares S&P Small-Cap 600 Growth ETF during the 3rd quarter valued at $17,702,000. Royal Fund Management LLC grew its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 1,257.8% in the 3rd quarter. Royal Fund Management LLC now owns 104,432 shares of the company’s stock worth $16,744,000 after acquiring an additional 96,741 shares during the last quarter. Sigma Planning Corp acquired a new position in shares of iShares S&P Small-Cap 600 Growth ETF in the 3rd quarter worth $8,224,000. Ifrah Financial Services Inc. acquired a new stake in shares of iShares S&P Small-Cap 600 Growth ETF during the third quarter worth $7,917,000. Finally, Farther Finance Advisors LLC raised its position in shares of iShares S&P Small-Cap 600 Growth ETF by 288.7% during the third quarter. Farther Finance Advisors LLC now owns 66,113 shares of the company’s stock worth $10,600,000 after purchasing an additional 49,106 shares during the period. Institutional investors own 55.81% of the company’s stock.

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.