iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) Hits New 12-Month High – Here’s Why

iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $117.60 and last traded at $117.50, with a volume of 667500 shares traded. The stock had previously closed at $115.95.

iShares S&P Mid-Cap 400 Growth ETF Stock Down 0.8%

The firm’s 50-day simple moving average is $112.87 and its 200-day simple moving average is $106.17. The firm has a market capitalization of $11.07 billion, a PE ratio of 22.45 and a beta of 1.05.

Institutional Investors Weigh In On iShares S&P Mid-Cap 400 Growth ETF

Several institutional investors have recently bought and sold shares of the stock. Pacific Sun Financial Corp increased its stake in iShares S&P Mid-Cap 400 Growth ETF by 1.5% in the 4th quarter. Pacific Sun Financial Corp now owns 6,762 shares of the company’s stock worth $655,000 after purchasing an additional 100 shares during the period. Mine & Arao Wealth Creation & Management LLC. boosted its stake in shares of iShares S&P Mid-Cap 400 Growth ETF by 1.8% during the fourth quarter. Mine & Arao Wealth Creation & Management LLC. now owns 6,179 shares of the company’s stock valued at $599,000 after purchasing an additional 109 shares during the period. Fisher Asset Management LLC boosted its stake in shares of iShares S&P Mid-Cap 400 Growth ETF by 2.9% during the fourth quarter. Fisher Asset Management LLC now owns 3,887 shares of the company’s stock valued at $377,000 after purchasing an additional 111 shares during the period. Alliancebernstein L.P. grew its holdings in shares of iShares S&P Mid-Cap 400 Growth ETF by 0.5% in the third quarter. Alliancebernstein L.P. now owns 23,436 shares of the company’s stock worth $2,247,000 after purchasing an additional 112 shares during the last quarter. Finally, Essex Financial Services Inc. grew its holdings in shares of iShares S&P Mid-Cap 400 Growth ETF by 4.7% in the fourth quarter. Essex Financial Services Inc. now owns 2,854 shares of the company’s stock worth $277,000 after purchasing an additional 127 shares during the last quarter. 67.99% of the stock is currently owned by hedge funds and other institutional investors.

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.