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

Shares of iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) saw an uptick in trading volume on Wednesday . 472,474 shares traded 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 Stock Down 0.8%

The company has a market capitalization of $8.10 billion, a price-to-earnings ratio of 20.21 and a beta of 1.04. The business has a fifty day simple moving average of $165.16 and a two-hundred day simple moving average of $154.42.

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

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were given a $0.2566 dividend. This represents a $1.03 dividend on an annualized basis and a yield of 0.6%. This is a positive change from iShares S&P Small-Cap 600 Growth ETF’s previous quarterly dividend of $0.22. The ex-dividend date was Monday, June 15th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of IJT. Northwestern Mutual Wealth Management Co. grew its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 3,998.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 33,531,028 shares of the company’s stock worth $4,733,240,000 after purchasing an additional 32,712,932 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of 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 worth $296,143,000 after acquiring an additional 19,746 shares in the last quarter. UBS Group AG grew its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 0.6% during the third quarter. UBS Group AG now owns 1,068,064 shares of the company’s stock worth $151,131,000 after purchasing an additional 6,157 shares during the last quarter. LPL Financial LLC grew its holdings in iShares S&P Small-Cap 600 Growth ETF by 0.5% during the 4th quarter. LPL Financial LLC now owns 957,106 shares of the company’s stock worth $135,105,000 after acquiring an additional 4,940 shares during the last quarter. Finally, Brown Advisory Inc. grew its stake 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 purchasing an additional 299,807 shares during 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.