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

iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) shares saw strong trading volume on Monday . 321,062 shares were traded during mid-day trading, an increase of 133% from the previous session’s volume of 137,602 shares.The stock last traded at $172.71 and had previously closed at $172.88.

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

The firm has a 50 day simple moving average of $168.04 and a 200-day simple moving average of $156.70. The stock has a market capitalization of $8.28 billion, a price-to-earnings ratio of 20.21 and a beta of 1.04.

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

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued a dividend of $0.2566 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.03 annualized dividend and a yield of 0.6%. This is an increase from iShares S&P Small-Cap 600 Growth ETF’s previous quarterly dividend of $0.22.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lee Kelleher & Klein Wealth Management increased its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 1.5% during the second quarter. Lee Kelleher & Klein Wealth Management now owns 16,847 shares of the company’s stock worth $3,009,000 after buying an additional 252 shares in the last quarter. JFS Wealth Advisors LLC boosted its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 2.5% in the 2nd quarter. JFS Wealth Advisors LLC now owns 57,390 shares of the company’s stock worth $10,250,000 after acquiring an additional 1,422 shares in the last quarter. Diversified Management Inc. boosted its holdings in shares of iShares S&P Small-Cap 600 Growth ETF by 40.4% in the 2nd quarter. Diversified Management Inc. now owns 15,612 shares of the company’s stock worth $2,788,000 after acquiring an additional 4,491 shares in the last quarter. Sapient Capital LLC bought a new stake in iShares S&P Small-Cap 600 Growth ETF during the 2nd quarter worth approximately $234,000. Finally, Rockland Trust Co. bought a new stake in iShares S&P Small-Cap 600 Growth ETF during the 2nd quarter worth approximately $213,000. 55.81% of the stock is currently owned by institutional investors and hedge funds.

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.