iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) Sets New 1-Year High – Should You 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 $119.17 and last traded at $118.96, with a volume of 23585 shares changing hands. The stock had previously closed at $119.04.

iShares S&P Mid-Cap 400 Growth ETF Trading Up 0.3%

The business’s fifty day simple moving average is $114.58 and its 200-day simple moving average is $109.26. The firm has a market cap of $11.42 billion, a P/E ratio of 22.45 and a beta of 1.05.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Litman Gregory Wealth Management LLC purchased a new stake in shares of iShares S&P Mid-Cap 400 Growth ETF in the 4th quarter worth about $25,000. Nemes Rush Group LLC bought a new position in iShares S&P Mid-Cap 400 Growth ETF in the fourth quarter worth about $28,000. National Bank of Canada FI purchased a new stake in iShares S&P Mid-Cap 400 Growth ETF in the third quarter worth about $29,000. Angeles Wealth Management LLC purchased a new stake in iShares S&P Mid-Cap 400 Growth ETF in the first quarter worth about $30,000. Finally, Sankala Group LLC bought a new stake in iShares S&P Mid-Cap 400 Growth ETF during the 4th quarter valued at approximately $32,000. 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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.