iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) Hits New 1-Year High – Here’s What Happened

Shares of iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) hit a new 52-week high during trading on Wednesday . The company traded as high as $113.03 and last traded at $112.66, with a volume of 24967 shares changing hands. The stock had previously closed at $110.56.

iShares S&P Mid-Cap 400 Growth ETF Trading Up 2.0%

The stock has a market cap of $10.95 billion, a P/E ratio of 22.45 and a beta of 1.06. The stock’s fifty day moving average price is $104.56 and its 200 day moving average price is $100.94.

Institutional Trading of iShares S&P Mid-Cap 400 Growth ETF

Hedge funds have recently modified their holdings of the business. AlphaCore Capital LLC boosted its stake in iShares S&P Mid-Cap 400 Growth ETF by 44,722.6% in the 4th quarter. AlphaCore Capital LLC now owns 222,320 shares of the company’s stock worth $21,538,000 after purchasing an additional 221,824 shares in the last quarter. Strategic Investment Advisors MI bought a new position in iShares S&P Mid-Cap 400 Growth ETF in the 3rd quarter worth about $20,923,000. Arax Advisory Partners bought a new position in iShares S&P Mid-Cap 400 Growth ETF in the 4th quarter worth about $18,423,000. Fifth Third Bancorp boosted its stake in iShares S&P Mid-Cap 400 Growth ETF by 105.2% in the 1st quarter. Fifth Third Bancorp now owns 295,026 shares of the company’s stock worth $29,685,000 after purchasing an additional 151,240 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in iShares S&P Mid-Cap 400 Growth ETF by 3.6% in the 2nd 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 in the last quarter. 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.