iShares Core S&P Mid-Cap ETF (NYSEARCA:IJH) Sets New 12-Month High – Time to Buy?

iShares Core S&P Mid-Cap ETF (NYSEARCA:IJH)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $71.08 and last traded at $71.0010, with a volume of 1809846 shares. The stock had previously closed at $69.53.

iShares Core S&P Mid-Cap ETF Price Performance

The business has a 50-day moving average of $67.98 and a 200-day moving average of $65.82. The company has a market capitalization of $111.62 billion, a P/E ratio of 19.00 and a beta of 1.07.

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

Hedge funds have recently bought and sold shares of the business. Creative Financial Designs Inc. ADV raised its position in iShares Core S&P Mid-Cap ETF by 4.4% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 102,976 shares of the company’s stock valued at $6,387,000 after purchasing an additional 4,336 shares during the last quarter. Clarity Wealth Advisors LLC increased its stake in iShares Core S&P Mid-Cap ETF by 2.9% in the third quarter. Clarity Wealth Advisors LLC now owns 261,065 shares of the company’s stock valued at $17,037,000 after purchasing an additional 7,470 shares during the period. Cerity Partners LLC raised its holdings in shares of iShares Core S&P Mid-Cap ETF by 13.3% in the third quarter. Cerity Partners LLC now owns 4,992,224 shares of the company’s stock valued at $325,792,000 after buying an additional 585,414 shares during the last quarter. 49 Wealth Management LLC boosted its stake in shares of iShares Core S&P Mid-Cap ETF by 16.4% during the second quarter. 49 Wealth Management LLC now owns 315,999 shares of the company’s stock worth $19,598,000 after buying an additional 44,504 shares during the period. Finally, American Trust grew its holdings in shares of iShares Core S&P Mid-Cap ETF by 2.4% during the second quarter. American Trust now owns 782,741 shares of the company’s stock worth $48,546,000 after buying an additional 18,062 shares during the last quarter. Institutional investors own 14.60% of the company’s stock.

About iShares Core S&P Mid-Cap ETF

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.