NewEdge Advisors LLC lifted its stake in iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK – Free Report) by 501.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 105,618 shares of the company’s stock after buying an additional 88,065 shares during the period. NewEdge Advisors LLC’s holdings in iShares S&P Mid-Cap 400 Growth ETF were worth $12,410,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Litman Gregory Wealth Management LLC bought a new position in shares of iShares S&P Mid-Cap 400 Growth ETF during the fourth quarter valued at $25,000. Nemes Rush Group LLC acquired a new stake in shares of iShares S&P Mid-Cap 400 Growth ETF in the 4th quarter valued at $28,000. National Bank of Canada FI bought a new stake in shares of iShares S&P Mid-Cap 400 Growth ETF in the 3rd quarter worth about $29,000. Angeles Wealth Management LLC bought a new stake in shares of iShares S&P Mid-Cap 400 Growth ETF in the 1st quarter worth about $30,000. Finally, Sankala Group LLC bought a new stake in shares of iShares S&P Mid-Cap 400 Growth ETF in the 4th quarter worth about $32,000. Institutional investors own 67.99% of the company’s stock.
iShares S&P Mid-Cap 400 Growth ETF Stock Up 0.9%
Shares of IJK stock opened at $111.52 on Friday. iShares S&P Mid-Cap 400 Growth ETF has a 12-month low of $91.30 and a 12-month high of $119.39. The company has a market capitalization of $10.67 billion, a P/E ratio of 22.45 and a beta of 1.05. The firm has a 50-day moving average price of $114.20 and a 200 day moving average price of $110.67.
About iShares S&P Mid-Cap 400 Growth ETF
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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