iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) Sees Large Volume Increase – Time to Buy?

iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) shares saw an uptick in trading volume on Thursday. 1,826,317 shares traded hands during mid-day trading, an increase of 422% from the previous session’s volume of 349,912 shares. The stock last traded at $110.8440 and had previously closed at $109.61.

iShares S&P Mid-Cap 400 Growth ETF Stock Up 0.9%

The stock has a fifty day moving average of $113.24 and a 200-day moving average of $111.29. The firm has a market capitalization of $10.49 billion, a P/E ratio of 22.45 and a beta of 1.06.

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

Institutional investors have recently modified their holdings of the stock. CX Institutional increased its holdings in shares of iShares S&P Mid-Cap 400 Growth ETF by 3.0% in the third quarter. CX Institutional now owns 26,577 shares of the company’s stock worth $2,913,000 after acquiring an additional 766 shares in the last quarter. Noble Wealth Management PBC lifted its holdings in shares of iShares S&P Mid-Cap 400 Growth ETF by 4.8% during the 3rd quarter. Noble Wealth Management PBC now owns 2,737 shares of the company’s stock valued at $300,000 after purchasing an additional 126 shares in the last quarter. Doliver Advisors LP acquired a new position in shares of iShares S&P Mid-Cap 400 Growth ETF in the 3rd quarter valued at approximately $436,000. Montecito Bank & Trust acquired a new position in shares of iShares S&P Mid-Cap 400 Growth ETF in the 3rd quarter valued at approximately $868,000. Finally, Envestnet Asset Management Inc. grew its position in shares of iShares S&P Mid-Cap 400 Growth ETF by 5.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,065,287 shares of the company’s stock valued at $242,671,000 after purchasing an additional 103,836 shares during the period. 67.99% of the stock is 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.