USA Financial Formulas acquired a new position in iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK – Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,041,989 shares of the company’s stock, valued at approximately $104,845,000. iShares S&P Mid-Cap 400 Growth ETF comprises approximately 19.2% of USA Financial Formulas’ holdings, making the stock its 3rd largest position. USA Financial Formulas owned 1.09% of iShares S&P Mid-Cap 400 Growth ETF at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IJK. Brighton Jones LLC lifted its stake in shares of iShares S&P Mid-Cap 400 Growth ETF by 21.5% in the 4th quarter. Brighton Jones LLC now owns 7,269 shares of the company’s stock valued at $661,000 after purchasing an additional 1,285 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of iShares S&P Mid-Cap 400 Growth ETF by 242.9% during the 1st quarter. AQR Capital Management LLC now owns 11,075 shares of the company’s stock worth $922,000 after acquiring an additional 7,845 shares in the last quarter. Qube Research & Technologies Ltd boosted its stake in shares of iShares S&P Mid-Cap 400 Growth ETF by 123.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 398 shares of the company’s stock worth $36,000 after acquiring an additional 220 shares in the last quarter. Glenview Trust co increased its holdings in shares of iShares S&P Mid-Cap 400 Growth ETF by 8.0% during the 2nd quarter. Glenview Trust co now owns 7,537 shares of the company’s stock valued at $686,000 after acquiring an additional 557 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of iShares S&P Mid-Cap 400 Growth ETF during the 2nd quarter valued at about $918,000. Institutional investors own 67.99% of the company’s stock.
iShares S&P Mid-Cap 400 Growth ETF Stock Performance
Shares of IJK stock opened at $119.04 on Friday. The stock’s 50 day simple moving average is $114.58 and its 200 day simple moving average is $109.21. iShares S&P Mid-Cap 400 Growth ETF has a twelve month low of $91.30 and a twelve month high of $119.15. The company has a market capitalization of $11.39 billion, a price-to-earnings ratio of 22.45 and a beta of 1.05.
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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.
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