Mechanics Bank Trust Department Acquires New Stake in iShares S&P Mid-Cap 400 Growth ETF $IJK

Mechanics Bank Trust Department acquired a new stake in iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) in the 3rd quarter, Holdings Channel reports. The firm acquired 66,449 shares of the company’s stock, valued at approximately $7,283,000. iShares S&P Mid-Cap 400 Growth ETF comprises 1.0% of Mechanics Bank Trust Department’s investment portfolio, making the stock its 29th biggest position.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Envestnet Asset Management Inc. increased its position in iShares S&P Mid-Cap 400 Growth ETF by 5.3% during the second quarter. Envestnet Asset Management Inc. now owns 2,065,287 shares of the company’s stock worth $242,671,000 after acquiring an additional 103,836 shares during the period. D.A. Davidson & CO. boosted its holdings in iShares S&P Mid-Cap 400 Growth ETF by 2.8% in the 1st quarter. D.A. Davidson & CO. now owns 1,226,067 shares of the company’s stock valued at $123,367,000 after purchasing an additional 33,259 shares during the period. USA Financial Formulas bought a new stake in iShares S&P Mid-Cap 400 Growth ETF in the 1st quarter valued at $104,845,000. Bank of New York Mellon Corp boosted its holdings in iShares S&P Mid-Cap 400 Growth ETF by 15.6% in the 1st quarter. Bank of New York Mellon Corp now owns 949,569 shares of the company’s stock valued at $95,546,000 after purchasing an additional 128,011 shares during the period. Finally, Royal Bank of Canada grew its position in iShares S&P Mid-Cap 400 Growth ETF by 3.2% in the 1st quarter. Royal Bank of Canada now owns 551,904 shares of the company’s stock worth $55,532,000 after purchasing an additional 17,057 shares during the last quarter. Institutional investors and hedge funds own 67.99% of the company’s stock.

iShares S&P Mid-Cap 400 Growth ETF Stock Down 0.2%

NYSEARCA IJK traded down $0.25 during midday trading on Tuesday, hitting $110.85. The company had a trading volume of 736,314 shares, compared to its average volume of 360,937. The firm has a fifty day simple moving average of $113.17 and a two-hundred day simple moving average of $111.82. iShares S&P Mid-Cap 400 Growth ETF has a fifty-two week low of $91.30 and a fifty-two week high of $119.39. The stock has a market cap of $10.56 billion, a price-to-earnings ratio of 22.45 and a beta of 1.06.

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.