Idaho Trust Co acquired a new stake in iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK – Free Report) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 34,215 shares of the company’s stock, valued at approximately $3,750,000. iShares S&P Mid-Cap 400 Growth ETF accounts for 1.1% of Idaho Trust Co’s portfolio, making the stock its 24th biggest position.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its holdings in shares of iShares S&P Mid-Cap 400 Growth ETF by 5.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,065,287 shares of the company’s stock valued at $242,671,000 after buying an additional 103,836 shares during the period. D.A. Davidson & CO. acquired a new position in iShares S&P Mid-Cap 400 Growth ETF during the 3rd quarter worth approximately $140,733,000. USA Financial Formulas acquired a new position in iShares S&P Mid-Cap 400 Growth ETF during the 1st quarter worth approximately $104,845,000. Bank of New York Mellon Corp boosted its holdings in iShares S&P Mid-Cap 400 Growth ETF by 15.6% in the 1st quarter. Bank of New York Mellon Corp now owns 949,569 shares of the company’s stock worth $95,546,000 after acquiring an additional 128,011 shares during the period. Finally, Commonwealth Equity Services LLC purchased a new position in iShares S&P Mid-Cap 400 Growth ETF in the 3rd quarter worth approximately $56,087,000. Institutional investors and hedge funds own 67.99% of the company’s stock.
iShares S&P Mid-Cap 400 Growth ETF Stock Up 3.6%
Shares of NYSEARCA:IJK opened at $109.73 on Tuesday. iShares S&P Mid-Cap 400 Growth ETF has a 52-week low of $91.30 and a 52-week high of $119.39. The company has a 50 day moving average of $110.11 and a two-hundred day moving average of $109.68. The company has a market capitalization of $10.53 billion, a price-to-earnings ratio of 22.45 and a beta of 1.06.
iShares S&P Mid-Cap 400 Growth ETF Company 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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.
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