iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) Reaches New 52-Week High – Time to Buy?

iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) shares hit a new 52-week high on Monday . The stock traded as high as $116.92 and last traded at $116.33, with a volume of 26932 shares trading hands. The stock had previously closed at $114.94.

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

The company has a market capitalization of $11.29 billion, a P/E ratio of 22.45 and a beta of 1.05. The company’s 50-day moving average price is $110.18 and its two-hundred day moving average price is $104.37.

Hedge Funds Weigh In On iShares S&P Mid-Cap 400 Growth ETF

Several large investors have recently modified their holdings of the stock. Morgan Stanley raised its position in shares of iShares S&P Mid-Cap 400 Growth ETF by 0.8% in the fourth quarter. Morgan Stanley now owns 7,220,033 shares of the company’s stock valued at $699,477,000 after purchasing an additional 53,813 shares during the period. Bank of America Corp DE increased its position in iShares S&P Mid-Cap 400 Growth ETF by 3.6% during the second quarter. Bank of America Corp DE now owns 3,797,381 shares of the company’s stock worth $345,486,000 after acquiring an additional 130,606 shares during the period. UBS Group AG increased its position in iShares S&P Mid-Cap 400 Growth ETF by 1.4% during the fourth quarter. UBS Group AG now owns 2,179,822 shares of the company’s stock worth $211,181,000 after acquiring an additional 30,546 shares during the period. D.A. Davidson & CO. increased its holdings in iShares S&P Mid-Cap 400 Growth ETF by 2.8% in the 1st quarter. D.A. Davidson & CO. now owns 1,226,067 shares of the company’s stock valued at $123,367,000 after buying an additional 33,259 shares during the period. Finally, Northern Trust Corp increased its holdings in iShares S&P Mid-Cap 400 Growth ETF by 0.6% in the 3rd quarter. Northern Trust Corp now owns 1,103,347 shares of the company’s stock valued at $105,800,000 after buying an additional 6,296 shares during the period. 67.99% of the stock is owned by institutional investors.

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.