Independent Financial Group LLC Takes $10.10 Million Position in iShares S&P Mid-Cap 400 Growth ETF $IJK

Independent Financial Group LLC bought a new stake in shares of iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 100,396 shares of the company’s stock, valued at approximately $10,102,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Frazier Financial Advisors LLC acquired a new stake in iShares S&P Mid-Cap 400 Growth ETF in the first quarter worth $48,000. D.A. Davidson & CO. increased its stake in iShares S&P Mid-Cap 400 Growth ETF by 2.8% in the first quarter. D.A. Davidson & CO. now owns 1,226,067 shares of the company’s stock valued at $123,367,000 after purchasing an additional 33,259 shares in the last quarter. Navigation Group LLC acquired a new position in shares of iShares S&P Mid-Cap 400 Growth ETF during the first quarter valued at about $368,000. Bank of New York Mellon Corp raised its holdings in shares of iShares S&P Mid-Cap 400 Growth ETF by 15.6% during the first quarter. Bank of New York Mellon Corp now owns 949,569 shares of the company’s stock valued at $95,546,000 after purchasing an additional 128,011 shares during the period. Finally, Three Seasons Wealth LLC bought a new position in shares of iShares S&P Mid-Cap 400 Growth ETF during the 1st quarter worth about $2,235,000. 67.99% of the stock is owned by institutional investors.

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

Shares of IJK opened at $113.12 on Friday. The stock has a 50-day moving average of $113.75 and a 200-day moving average of $107.28. The company has a market cap of $10.83 billion, a PE ratio of 22.45 and a beta of 1.05. iShares S&P Mid-Cap 400 Growth ETF has a one year low of $90.44 and a one year high of $117.60.

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.