Modern Wealth Management LLC Has $253,000 Stock Position in iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK)

Modern Wealth Management LLC lessened its holdings in shares of iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) by 99.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,691 shares of the company’s stock after selling 735,749 shares during the quarter. Modern Wealth Management LLC’s holdings in iShares S&P Mid-Cap 400 Growth ETF were worth $253,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IJK. Hershey Financial Advisers LLC bought a new position in iShares S&P Mid-Cap 400 Growth ETF in the fourth quarter valued at approximately $461,000. LPL Financial LLC lifted its position in iShares S&P Mid-Cap 400 Growth ETF by 8.1% in the 4th quarter. LPL Financial LLC now owns 1,361,626 shares of the company’s stock valued at $123,813,000 after acquiring an additional 102,431 shares in the last quarter. Umpqua Bank boosted its stake in iShares S&P Mid-Cap 400 Growth ETF by 33.8% in the 4th quarter. Umpqua Bank now owns 23,039 shares of the company’s stock worth $2,128,000 after purchasing an additional 5,819 shares during the period. Runnymede Capital Advisors Inc. bought a new position in iShares S&P Mid-Cap 400 Growth ETF during the 4th quarter worth about $42,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of iShares S&P Mid-Cap 400 Growth ETF in the 4th quarter valued at about $75,000.

iShares S&P Mid-Cap 400 Growth ETF Stock Performance

NYSEARCA:IJK opened at $83.17 on Friday. The company has a market cap of $8.44 billion, a PE ratio of 20.75 and a beta of 1.12. The stock has a 50-day simple moving average of $89.86 and a 200 day simple moving average of $92.15. iShares S&P Mid-Cap 400 Growth ETF has a 52-week low of $81.14 and a 52-week high of $100.01.

iShares S&P Mid-Cap 400 Growth ETF Profile

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.