Arax Advisory Partners Invests $18.42 Million in iShares S&P Mid-Cap 400 Growth ETF $IJK

Arax Advisory Partners acquired a new position in shares of iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 190,162 shares of the company’s stock, valued at approximately $18,423,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Brown Advisory Inc. boosted its position in shares of iShares S&P Mid-Cap 400 Growth ETF by 1.7% during the fourth quarter. Brown Advisory Inc. now owns 11,879 shares of the company’s stock worth $1,151,000 after buying an additional 199 shares during the period. CreativeOne Wealth LLC boosted its position in shares of iShares S&P Mid-Cap 400 Growth ETF by 6.0% during the fourth quarter. CreativeOne Wealth LLC now owns 20,489 shares of the company’s stock worth $1,985,000 after buying an additional 1,167 shares during the period. Cordoba Advisory Partners LLC acquired a new position in shares of iShares S&P Mid-Cap 400 Growth ETF during the fourth quarter worth about $927,000. Kestra Advisory Services LLC boosted its position in shares of iShares S&P Mid-Cap 400 Growth ETF by 1.7% during the fourth quarter. Kestra Advisory Services LLC now owns 175,759 shares of the company’s stock worth $17,028,000 after buying an additional 2,983 shares during the period. Finally, AlTi Global Inc. boosted its position in shares of iShares S&P Mid-Cap 400 Growth ETF by 4.2% during the fourth quarter. AlTi Global Inc. now owns 113,709 shares of the company’s stock worth $11,016,000 after buying an additional 4,634 shares during the period. 67.99% of the stock is owned by institutional investors and hedge funds.

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

IJK stock opened at $114.94 on Friday. The stock has a market capitalization of $11.17 billion, a P/E ratio of 22.45 and a beta of 1.05. The business has a 50-day moving average of $110.18 and a 200-day moving average of $104.30. iShares S&P Mid-Cap 400 Growth ETF has a fifty-two week low of $87.34 and a fifty-two week high of $115.83.

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.