iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) Hits New 1-Year High – Here’s Why

iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) hit a new 52-week high on Wednesday . The company traded as high as $98.42 and last traded at $98.8470, with a volume of 169684 shares changing hands. The stock had previously closed at $97.06.

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

The stock’s fifty day simple moving average is $95.86 and its two-hundred day simple moving average is $93.89. The company has a market capitalization of $9.26 billion, a price-to-earnings ratio of 22.45 and a beta of 1.08.

Institutional Trading of iShares S&P Mid-Cap 400 Growth ETF

Large investors have recently added to or reduced their stakes in the business. CENTRAL TRUST Co increased its holdings in shares of iShares S&P Mid-Cap 400 Growth ETF by 102.1% in the second quarter. CENTRAL TRUST Co now owns 287 shares of the company’s stock valued at $26,000 after buying an additional 145 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of iShares S&P Mid-Cap 400 Growth ETF in the 3rd quarter worth $28,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of iShares S&P Mid-Cap 400 Growth ETF during the second quarter worth $29,000. National Bank of Canada FI acquired a new stake in shares of iShares S&P Mid-Cap 400 Growth ETF during the third quarter worth $29,000. Finally, Quaker Wealth Management LLC lifted its holdings in shares of iShares S&P Mid-Cap 400 Growth ETF by 200.3% during the second quarter. Quaker Wealth Management LLC now owns 384 shares of the company’s stock valued at $35,000 after purchasing an additional 767 shares during the last quarter. 67.99% of the stock is currently owned by institutional investors.

About iShares S&P Mid-Cap 400 Growth ETF

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.