iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) Sets New 12-Month High – Should You Buy?

iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) shares reached a new 52-week high on Friday . The company traded as high as $104.80 and last traded at $104.4570, with a volume of 197912 shares trading hands. The stock had previously closed at $101.01.

iShares S&P Mid-Cap 400 Growth ETF Trading Up 3.7%

The stock has a market cap of $9.75 billion, a price-to-earnings ratio of 22.45 and a beta of 1.08. The business has a 50 day simple moving average of $99.87 and a two-hundred day simple moving average of $96.72.

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

Several institutional investors have recently modified their holdings of IJK. Bank of America Corp DE raised its position in shares of 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 purchasing an additional 130,606 shares during the period. UBS Group AG boosted its stake in shares of iShares S&P Mid-Cap 400 Growth ETF by 1.4% during the 4th quarter. UBS Group AG now owns 2,179,822 shares of the company’s stock valued at $211,181,000 after buying an additional 30,546 shares during the period. Envestnet Asset Management Inc. boosted its position in iShares S&P Mid-Cap 400 Growth ETF by 3.7% during the third quarter. Envestnet Asset Management Inc. now owns 1,823,064 shares of the company’s stock valued at $174,814,000 after purchasing an additional 65,515 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of iShares S&P Mid-Cap 400 Growth ETF by 5.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,215,536 shares of the company’s stock valued at $110,590,000 after buying an additional 65,914 shares during the last quarter. Finally, D.A. Davidson & CO. grew its position in iShares S&P Mid-Cap 400 Growth ETF by 3.8% in the fourth quarter. D.A. Davidson & CO. now owns 1,192,808 shares of the company’s stock worth $115,559,000 after acquiring an additional 43,442 shares in the last quarter. Institutional investors own 67.99% of the company’s stock.

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.