Verus Financial Partners Inc. Makes New $4.08 Million Investment in iShares Core S&P Mid-Cap ETF $IJH

Verus Financial Partners Inc. purchased a new position in shares of iShares Core S&P Mid-Cap ETF (NYSEARCA:IJH) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 56,685 shares of the company’s stock, valued at approximately $4,079,000. iShares Core S&P Mid-Cap ETF accounts for about 0.3% of Verus Financial Partners Inc.’s portfolio, making the stock its 26th largest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of IJH. Bank of New York Mellon Corp grew its holdings in shares of iShares Core S&P Mid-Cap ETF by 0.3% in the first 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 during the period. Envestnet Asset Management Inc. increased its position in iShares Core S&P Mid-Cap ETF by 3.2% during the second quarter. Envestnet Asset Management Inc. now owns 37,195,080 shares of the company’s stock worth $2,868,113,000 after purchasing an additional 1,156,205 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in iShares Core S&P Mid-Cap ETF by 1.7% during the first 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 during the period. Fifth Third Bancorp raised its stake in iShares Core S&P Mid-Cap ETF by 58.2% during the first quarter. Fifth Third Bancorp now owns 7,404,697 shares of the company’s stock worth $500,039,000 after purchasing an additional 2,724,330 shares during the period. Finally, Corient Private Wealth LP raised its stake in iShares Core S&P Mid-Cap ETF by 3.9% during the second quarter. Corient Private Wealth LP now owns 5,114,258 shares of the company’s stock worth $394,361,000 after purchasing an additional 194,123 shares during the period. Institutional investors and hedge funds own 14.60% of the company’s stock.

iShares Core S&P Mid-Cap ETF Price Performance

NYSEARCA:IJH opened at $73.33 on Friday. The firm has a market capitalization of $123.08 billion, a price-to-earnings ratio of 19.00 and a beta of 1.02. The company’s 50-day moving average is $73.79 and its two-hundred day moving average is $72.97. iShares Core S&P Mid-Cap ETF has a 1-year low of $62.22 and a 1-year high of $78.71.

iShares Core S&P Mid-Cap ETF 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.