Meridian Investment Counsel Inc. Acquires 9,671 Shares of iShares Core S&P Mid-Cap ETF $IJH

Meridian Investment Counsel Inc. bought a new position in shares of iShares Core S&P Mid-Cap ETF (NYSEARCA:IJH) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 9,671 shares of the company’s stock, valued at approximately $696,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its holdings in shares of iShares Core S&P Mid-Cap ETF by 0.3% during the 1st quarter. Bank of New York Mellon Corp now owns 58,734,173 shares of the company’s stock valued at $3,966,319,000 after purchasing an additional 188,450 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of iShares Core S&P Mid-Cap ETF by 3.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 37,195,080 shares of the company’s stock valued at $2,868,113,000 after purchasing an additional 1,156,205 shares during the period. Royal Bank of Canada grew its position in shares of iShares Core S&P Mid-Cap ETF by 6.2% in the 4th quarter. Royal Bank of Canada now owns 25,229,492 shares of the company’s stock valued at $1,665,147,000 after purchasing an additional 1,482,873 shares during the period. PNC Financial Services Group Inc. increased its stake in iShares Core S&P Mid-Cap ETF by 1.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 15,872,639 shares of the company’s stock worth $1,071,879,000 after purchasing an additional 260,163 shares in the last quarter. Finally, Keybank National Association OH increased its stake in iShares Core S&P Mid-Cap ETF by 1.0% during the 1st quarter. Keybank National Association OH now owns 9,151,043 shares of the company’s stock worth $617,970,000 after purchasing an additional 93,832 shares in the last quarter. 14.60% of the stock is owned by institutional investors and hedge funds.

iShares Core S&P Mid-Cap ETF Stock Performance

NYSEARCA IJH opened at $72.27 on Thursday. The stock has a market cap of $121.24 billion, a price-to-earnings ratio of 19.00 and a beta of 1.02. The business has a 50 day simple moving average of $74.86 and a 200 day simple moving average of $74.18. iShares Core S&P Mid-Cap ETF has a 52-week low of $62.22 and a 52-week high of $78.71.

iShares Core S&P Mid-Cap ETF Company Profile

Ishares S&P Midcap 400 Index Fund, formerly The iShares Core S&P Mid-Cap ETF (the Fund), seeks investment results that correspond to the price and yield performance, before fees and expenses, of the United States mid-cap stocks, as represented by the Standard & Poor’s MidCap 400 (the Underlying Index). The Underlying Index measures the performance of the mid-capitalization sector of the United States equity market. The Underlying Index consists of stocks from a range of industries. Components include financial, industrials, and information technology companies.