iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) Sees Strong Trading Volume – Still a Buy?

Shares of iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) saw unusually-strong trading volume on Wednesday . Approximately 231,484 shares traded hands during trading, an increase of 107% from the previous session’s volume of 111,883 shares.The stock last traded at $153.3720 and had previously closed at $152.49.

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

The stock has a market cap of $6.75 billion, a P/E ratio of 20.21 and a beta of 1.09. The firm has a 50-day moving average price of $147.86 and a 200-day moving average price of $142.86.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were given a dividend of $0.4214 per share. This is an increase from iShares S&P Small-Cap 600 Growth ETF’s previous quarterly dividend of $0.31. This represents a $1.69 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, December 16th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Signature Resources Capital Management LLC grew its holdings in iShares S&P Small-Cap 600 Growth ETF by 18,800.0% in the fourth quarter. Signature Resources Capital Management LLC now owns 189 shares of the company’s stock worth $27,000 after purchasing an additional 188 shares during the period. Quaker Wealth Management LLC grew its stake in shares of iShares S&P Small-Cap 600 Growth ETF by 200.5% in the 2nd quarter. Quaker Wealth Management LLC now owns 219 shares of the company’s stock worth $29,000 after buying an additional 437 shares during the last quarter. Sound Income Strategies LLC increased its position in iShares S&P Small-Cap 600 Growth ETF by 285.2% during the 4th quarter. Sound Income Strategies LLC now owns 208 shares of the company’s stock valued at $31,000 after buying an additional 154 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in iShares S&P Small-Cap 600 Growth ETF during the third quarter valued at $36,000. Finally, North Star Investment Management Corp. boosted its holdings in iShares S&P Small-Cap 600 Growth ETF by 102.4% in the fourth quarter. North Star Investment Management Corp. now owns 257 shares of the company’s stock worth $36,000 after acquiring an additional 130 shares in the last quarter. 55.81% of the stock is owned by hedge funds and other institutional investors.

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.