Shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) saw unusually-strong trading volume on Wednesday after the company announced a dividend. Approximately 9,101,816 shares traded hands during trading, an increase of 776% from the previous session’s volume of 1,038,590 shares.The stock last traded at $158.24 and had previously closed at $157.88.
The newly announced dividend which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th will be given a dividend of $0.5028 per share. This represents a $2.01 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Wednesday, March 25th.
The company has a 50-day moving average price of $186.01 and a two-hundred day moving average price of $187.72.
About iShares S&P 500 Growth ETF (NYSEARCA:IVW)
iShares S&P 500 Growth ETF, formerly iShares S&P 500 Growth Index Fund (the Growth Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P 500/Citigroup Growth Index (the Growth Index). The Growth Index measures the performance of the large-capitalization growth sector of the United States equity market.
Further Reading: Stochastic Momentum Index (SMI)
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