iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) Sees Strong Trading Volume – Should You Buy?

iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) shares saw an uptick in trading volume on Wednesday . 412,012 shares were traded during trading, an increase of 57% from the previous session’s volume of 261,830 shares.The stock last traded at $101.9250 and had previously closed at $102.36.

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

The stock has a market cap of $9.72 billion, a price-to-earnings ratio of 22.45 and a beta of 1.08. The business’s 50 day moving average is $97.75 and its 200 day moving average is $95.75.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of IJK. CENTRAL TRUST Co lifted its stake in iShares S&P Mid-Cap 400 Growth ETF by 102.1% in the 2nd quarter. CENTRAL TRUST Co now owns 287 shares of the company’s stock worth $26,000 after acquiring an additional 145 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of iShares S&P Mid-Cap 400 Growth ETF in the 3rd quarter valued at about $28,000. Elevation Point Wealth Partners LLC acquired a new position in shares of iShares S&P Mid-Cap 400 Growth ETF in the 2nd quarter valued at about $29,000. National Bank of Canada FI purchased a new stake in shares of iShares S&P Mid-Cap 400 Growth ETF in the third quarter worth approximately $29,000. Finally, Quaker Wealth Management LLC boosted its holdings in shares of iShares S&P Mid-Cap 400 Growth ETF by 200.3% during the second quarter. Quaker Wealth Management LLC now owns 384 shares of the company’s stock worth $35,000 after purchasing an additional 767 shares during the period. Hedge funds and other institutional investors own 67.99% of the company’s stock.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.