iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) Sees Unusually-High Trading Volume – Time to Buy?

iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) shares saw unusually-strong trading volume on Thursday. 946,569 shares traded hands during mid-day trading, an increase of 173% from the previous session’s volume of 346,521 shares. The stock last traded at $109.74 and had previously closed at $110.69.

iShares S&P Mid-Cap 400 Growth ETF Trading Up 0.2%

The stock has a 50-day simple moving average of $113.50 and a 200 day simple moving average of $110.99. The stock has a market capitalization of $10.47 billion, a price-to-earnings ratio of 22.45 and a beta of 1.05.

Hedge Funds Weigh In On iShares S&P Mid-Cap 400 Growth ETF

Hedge funds have recently modified their holdings of the stock. Nemes Rush Group LLC acquired a new position in iShares S&P Mid-Cap 400 Growth ETF in the 4th quarter worth about $28,000. Angeles Wealth Management LLC bought a new stake in iShares S&P Mid-Cap 400 Growth ETF in the first quarter worth approximately $30,000. Sankala Group LLC bought a new position in shares of iShares S&P Mid-Cap 400 Growth ETF during the 4th quarter valued at $32,000. SHP Wealth Management acquired a new stake in shares of iShares S&P Mid-Cap 400 Growth ETF in the 4th quarter valued at $35,000. Finally, Keenan LLC acquired a new position in iShares S&P Mid-Cap 400 Growth ETF during the fourth quarter worth $37,000. 67.99% of the stock is owned by institutional investors and hedge funds.

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.