iShares Core S&P Mid-Cap ETF (NYSEARCA:IJH) Sets New 12-Month High – Still a Buy?

iShares Core S&P Mid-Cap ETF (NYSEARCA:IJH)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $72.42 and last traded at $71.59, with a volume of 12855140 shares trading hands. The stock had previously closed at $71.76.

iShares Core S&P Mid-Cap ETF Stock Down 0.2%

The firm has a market capitalization of $111.81 billion, a P/E ratio of 19.00 and a beta of 1.07. The company has a fifty day simple moving average of $68.43 and a 200 day simple moving average of $66.05.

Institutional Trading of iShares Core S&P Mid-Cap ETF

Several institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of iShares Core S&P Mid-Cap ETF by 5.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 119,891,228 shares of the company’s stock valued at $7,435,654,000 after buying an additional 5,810,344 shares during the last quarter. Corient Private Wealth LLC increased its stake in shares of iShares Core S&P Mid-Cap ETF by 107.4% in the 2nd quarter. Corient Private Wealth LLC now owns 10,204,380 shares of the company’s stock worth $632,044,000 after purchasing an additional 5,285,095 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of iShares Core S&P Mid-Cap ETF by 5.4% in the fourth quarter. Bank of New York Mellon Corp now owns 58,545,723 shares of the company’s stock worth $3,864,018,000 after buying an additional 2,998,287 shares during the period. Atlantic Union Bankshares Corp purchased a new position in iShares Core S&P Mid-Cap ETF during the second quarter valued at approximately $153,816,000. Finally, SWF LLC lifted its stake in shares of iShares Core S&P Mid-Cap ETF by 5,421.6% during the 2nd quarter. SWF LLC now owns 1,868,846 shares of the company’s stock valued at $115,906,000 after buying an additional 1,835,000 shares in the last quarter. 14.60% of the stock is owned by hedge funds and other institutional investors.

iShares Core S&P Mid-Cap ETF Company Profile

Ishares S&P Midcap 400 Index Fund, formerly The iShares Core S&P Mid-Cap ETF (the Fund), seeks investment results that correspond to the price and yield performance, before fees and expenses, of the United States mid-cap stocks, as represented by the Standard & Poor’s MidCap 400 (the Underlying Index). The Underlying Index measures the performance of the mid-capitalization sector of the United States equity market. The Underlying Index consists of stocks from a range of industries. Components include financial, industrials, and information technology companies.