Sage Mountain Advisors LLC Decreases Stock Holdings in iShares S&P Mid-Cap 400 Growth ETF $IJK

Sage Mountain Advisors LLC trimmed its holdings in shares of iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) by 57.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 725 shares of the company’s stock after selling 999 shares during the quarter. Sage Mountain Advisors LLC’s holdings in iShares S&P Mid-Cap 400 Growth ETF were worth $66,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Janney Montgomery Scott LLC increased its position in shares of iShares S&P Mid-Cap 400 Growth ETF by 1.4% during the second quarter. Janney Montgomery Scott LLC now owns 48,621 shares of the company’s stock valued at $4,424,000 after acquiring an additional 669 shares during the last quarter. Focus Financial Network Inc. grew its holdings in iShares S&P Mid-Cap 400 Growth ETF by 3.5% during the second quarter. Focus Financial Network Inc. now owns 6,917 shares of the company’s stock valued at $629,000 after purchasing an additional 237 shares during the period. Sequoia Financial Advisors LLC grew its holdings in iShares S&P Mid-Cap 400 Growth ETF by 23.1% during the second quarter. Sequoia Financial Advisors LLC now owns 4,190 shares of the company’s stock valued at $381,000 after purchasing an additional 787 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in iShares S&P Mid-Cap 400 Growth ETF by 27.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 3,927 shares of the company’s stock valued at $360,000 after purchasing an additional 851 shares during the period. Finally, Advisors Capital Management LLC bought a new position in iShares S&P Mid-Cap 400 Growth ETF during the first quarter valued at $244,000. 67.99% of the stock is owned by hedge funds and other institutional investors.

iShares S&P Mid-Cap 400 Growth ETF Trading Up 0.6%

Shares of NYSEARCA IJK opened at $97.90 on Tuesday. The stock has a fifty day simple moving average of $95.70 and a two-hundred day simple moving average of $91.24. iShares S&P Mid-Cap 400 Growth ETF has a 1-year low of $71.69 and a 1-year high of $100.01. The firm has a market cap of $9.24 billion, a price-to-earnings 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.