NewEdge Advisors LLC lifted its stake in iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK – Free Report) by 501.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 105,618 shares of the company’s stock after acquiring an additional 88,065 shares during the quarter. NewEdge Advisors LLC owned approximately 0.11% of iShares S&P Mid-Cap 400 Growth ETF worth $12,410,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Litman Gregory Wealth Management LLC bought a new position in shares of iShares S&P Mid-Cap 400 Growth ETF during the 4th quarter valued at $25,000. Nemes Rush Group LLC bought a new position in iShares S&P Mid-Cap 400 Growth ETF during the fourth quarter valued at about $28,000. Angeles Wealth Management LLC bought a new position in iShares S&P Mid-Cap 400 Growth ETF during the first quarter valued at about $30,000. Sankala Group LLC acquired a new stake in shares of iShares S&P Mid-Cap 400 Growth ETF in the fourth quarter worth about $32,000. Finally, National Bank of Canada FI acquired a new stake in shares of iShares S&P Mid-Cap 400 Growth ETF in the third quarter worth about $29,000. 67.99% of the stock is currently owned by hedge funds and other institutional investors.
iShares S&P Mid-Cap 400 Growth ETF Stock Performance
Shares of NYSEARCA IJK opened at $111.52 on Friday. The business’s 50-day simple moving average is $114.20 and its 200-day simple moving average is $110.67. 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 firm has a market cap of $10.67 billion, a price-to-earnings ratio of 22.45 and a beta of 1.05.
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. 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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