M1 Capital Management LLC Makes New Investment in iShares S&P Mid-Cap 400 Growth ETF $IJK

M1 Capital Management LLC acquired a new position in iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 39,411 shares of the company’s stock, valued at approximately $3,586,000. iShares S&P Mid-Cap 400 Growth ETF accounts for approximately 1.8% of M1 Capital Management LLC’s investment portfolio, making the stock its 14th biggest position.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its holdings in iShares S&P Mid-Cap 400 Growth ETF by 4.1% in the first quarter. Goldman Sachs Group Inc. now owns 2,093,318 shares of the company’s stock worth $174,331,000 after purchasing an additional 83,352 shares during the period. Raymond James Financial Inc. boosted its holdings in iShares S&P Mid-Cap 400 Growth ETF by 2.7% in the first quarter. Raymond James Financial Inc. now owns 1,849,336 shares of the company’s stock worth $154,013,000 after purchasing an additional 48,238 shares during the period. Envestnet Asset Management Inc. boosted its holdings in iShares S&P Mid-Cap 400 Growth ETF by 1.8% in the first quarter. Envestnet Asset Management Inc. now owns 1,717,728 shares of the company’s stock worth $143,052,000 after purchasing an additional 29,906 shares during the period. LPL Financial LLC boosted its holdings in 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 worth $117,034,000 after purchasing an additional 43,680 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in iShares S&P Mid-Cap 400 Growth ETF by 4.8% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,149,622 shares of the company’s stock worth $95,741,000 after purchasing an additional 52,492 shares during the period. Institutional investors and hedge funds own 67.99% of the company’s stock.

iShares S&P Mid-Cap 400 Growth ETF Price Performance

iShares S&P Mid-Cap 400 Growth ETF stock opened at $95.70 on Friday. The company has a market cap of $9.05 billion, a PE ratio of 22.45 and a beta of 1.08. The company has a fifty day moving average price of $95.07 and a two-hundred day moving average price of $89.89. iShares S&P Mid-Cap 400 Growth ETF has a 12 month low of $71.69 and a 12 month high of $100.01.

iShares S&P Mid-Cap 400 Growth ETF Company 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.