iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) Hits New 12-Month High – Here’s What Happened

iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) reached a new 52-week high during trading on Wednesday . The company traded as high as $104.24 and last traded at $103.6030, with a volume of 237562 shares. The stock had previously closed at $102.27.

iShares S&P Mid-Cap 400 Growth ETF Stock Up 1.4%

The company’s 50-day moving average is $98.00 and its two-hundred day moving average is $95.95. The company has a market cap of $9.69 billion, a P/E ratio of 22.45 and a beta of 1.08.

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

Several institutional investors have recently bought and sold shares of the company. First Horizon Corp bought a new stake in shares of iShares S&P Mid-Cap 400 Growth ETF in the third quarter valued at approximately $1,251,000. Janney Montgomery Scott LLC grew its stake in iShares S&P Mid-Cap 400 Growth ETF by 1.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 48,621 shares of the company’s stock valued at $4,424,000 after buying an additional 669 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in iShares S&P Mid-Cap 400 Growth ETF by 27.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,927 shares of the company’s stock valued at $360,000 after acquiring an additional 851 shares during the period. Sequoia Financial Advisors LLC raised its holdings in iShares S&P Mid-Cap 400 Growth ETF by 23.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,190 shares of the company’s stock valued at $381,000 after acquiring an additional 787 shares during the period. Finally, Alpha Cubed Investments LLC purchased a new stake in shares of iShares S&P Mid-Cap 400 Growth ETF during the second quarter worth $278,000. Hedge funds and other institutional investors own 67.99% of the company’s stock.

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.