iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) Sets New 12-Month High – Here’s Why

iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJKGet Free Report)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $117.60 and last traded at $117.50, with a volume of 667500 shares changing hands. The stock had previously closed at $115.95.

iShares S&P Mid-Cap 400 Growth ETF Trading Up 1.3%

The stock has a fifty day simple moving average of $112.65 and a 200-day simple moving average of $105.93. The stock has a market cap of $11.42 billion, a price-to-earnings ratio of 22.45 and a beta of 1.05.

Institutional Investors Weigh In On iShares S&P Mid-Cap 400 Growth ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pacific Sun Financial Corp raised its stake in iShares S&P Mid-Cap 400 Growth ETF by 1.5% during the 4th quarter. Pacific Sun Financial Corp now owns 6,762 shares of the company’s stock valued at $655,000 after purchasing an additional 100 shares during the last quarter. Mine & Arao Wealth Creation & Management LLC. boosted its holdings in iShares S&P Mid-Cap 400 Growth ETF by 1.8% in the 4th quarter. Mine & Arao Wealth Creation & Management LLC. now owns 6,179 shares of the company’s stock valued at $599,000 after purchasing an additional 109 shares during the period. Fisher Asset Management LLC grew its position in iShares S&P Mid-Cap 400 Growth ETF by 2.9% in the 4th quarter. Fisher Asset Management LLC now owns 3,887 shares of the company’s stock worth $377,000 after purchasing an additional 111 shares during the last quarter. Alliancebernstein L.P. grew its position in iShares S&P Mid-Cap 400 Growth ETF by 0.5% in the 3rd quarter. Alliancebernstein L.P. now owns 23,436 shares of the company’s stock worth $2,247,000 after purchasing an additional 112 shares during the last quarter. Finally, Essex Financial Services Inc. grew its position in iShares S&P Mid-Cap 400 Growth ETF by 4.7% in the 4th quarter. Essex Financial Services Inc. now owns 2,854 shares of the company’s stock worth $277,000 after purchasing an additional 127 shares during the last quarter. Institutional investors and hedge funds own 67.99% of the company’s stock.

iShares S&P Mid-Cap 400 Growth ETF Company Profile

(Get Free Report)

iShares S&P Mid-Cap 400 Growth ETF, formerly iShares S&P MidCap 400 Growth Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P MidCap 400 Growth Index (the Index). The Index measures the performance of the mid-capitalization growth sector of the United States equity market and consists of those stocks in the S&P MidCap 400 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.

Further Reading

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