iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) Sets New 1-Year High – Should You Buy?

iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $119.17 and last traded at $118.96, with a volume of 23585 shares changing hands. The stock had previously closed at $119.04.

iShares S&P Mid-Cap 400 Growth ETF Trading Up 0.3%

The stock has a fifty day moving average of $114.58 and a two-hundred day moving average of $109.26. The company has a market capitalization of $11.42 billion, a PE ratio of 22.45 and a beta of 1.05.

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

A number of large investors have recently added to or reduced their stakes in the business. Morgan Stanley increased its holdings in shares of iShares S&P Mid-Cap 400 Growth ETF by 0.8% in the fourth quarter. Morgan Stanley now owns 7,220,033 shares of the company’s stock worth $699,477,000 after buying an additional 53,813 shares during the period. Bank of America Corp DE increased 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 during the period. UBS Group AG increased its stake in iShares S&P Mid-Cap 400 Growth ETF by 1.4% in the 4th quarter. UBS Group AG now owns 2,179,822 shares of the company’s stock worth $211,181,000 after purchasing an additional 30,546 shares during the period. D.A. Davidson & CO. lifted its position in iShares S&P Mid-Cap 400 Growth ETF by 2.8% in the first 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 last quarter. Finally, Northern Trust Corp boosted its stake in shares of iShares S&P Mid-Cap 400 Growth ETF by 0.6% during the third quarter. Northern Trust Corp now owns 1,103,347 shares of the company’s stock valued at $105,800,000 after purchasing an additional 6,296 shares during the period. Hedge funds and other 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.