New Insight Wealth Advisors Buys Shares of 2,311 iShares S&P Mid-Cap 400 Growth ETF $IJK

New Insight Wealth Advisors bought a new stake in iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) during the second quarter, HoldingsChannel reports. The institutional investor bought 2,311 shares of the company’s stock, valued at approximately $210,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Focus Financial Network Inc. boosted its stake in iShares S&P Mid-Cap 400 Growth ETF by 3.5% in the second quarter. Focus Financial Network Inc. now owns 6,917 shares of the company’s stock valued at $629,000 after acquiring an additional 237 shares during the last quarter. Advisors Capital Management LLC purchased a new position in iShares S&P Mid-Cap 400 Growth ETF in the first quarter valued at about $244,000. Summit Financial LLC raised its position in shares of iShares S&P Mid-Cap 400 Growth ETF by 4.9% in the first quarter. Summit Financial LLC now owns 11,923 shares of the company’s stock valued at $993,000 after purchasing an additional 560 shares during the period. Parallel Advisors LLC raised its position in shares of iShares S&P Mid-Cap 400 Growth ETF by 18.8% in the second quarter. Parallel Advisors LLC now owns 8,611 shares of the company’s stock valued at $783,000 after purchasing an additional 1,360 shares during the period. Finally, LPL Financial LLC raised its position in shares of iShares S&P Mid-Cap 400 Growth ETF by 3.2% in the first quarter. LPL Financial LLC now owns 1,405,306 shares of the company’s stock valued at $117,034,000 after purchasing an additional 43,680 shares during the period. 67.99% of the stock is currently owned by hedge funds and other institutional investors.

iShares S&P Mid-Cap 400 Growth ETF Stock Down 0.6%

NYSEARCA IJK opened at $95.03 on Friday. The company’s 50 day moving average is $94.57 and its 200-day moving average is $89.06. iShares S&P Mid-Cap 400 Growth ETF has a 12-month low of $71.69 and a 12-month high of $100.01. The firm has a market cap of $9.13 billion, a P/E ratio of 22.45 and a beta of 1.08.

iShares S&P Mid-Cap 400 Growth ETF Profile

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.