iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) Reaches New 1-Year High – Here’s Why

iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $104.80 and last traded at $104.4570, with a volume of 197912 shares changing hands. The stock had previously closed at $101.01.

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

The firm’s fifty day moving average price is $100.02 and its 200-day moving average price is $96.83. The company has a market cap of $9.75 billion, a price-to-earnings ratio of 22.45 and a beta of 1.08.

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

Large investors have recently made changes to their positions in the business. CENTRAL TRUST Co boosted its position in shares of iShares S&P Mid-Cap 400 Growth ETF by 102.1% in the second quarter. CENTRAL TRUST Co now owns 287 shares of the company’s stock worth $26,000 after buying an additional 145 shares during the period. Ashton Thomas Securities LLC purchased a new stake in iShares S&P Mid-Cap 400 Growth ETF in the 3rd quarter worth about $28,000. Elevation Point Wealth Partners LLC purchased a new stake in iShares S&P Mid-Cap 400 Growth ETF in the 2nd quarter worth about $29,000. National Bank of Canada FI acquired a new stake in iShares S&P Mid-Cap 400 Growth ETF during the 3rd quarter worth about $29,000. Finally, Quaker Wealth Management LLC grew its stake in iShares S&P Mid-Cap 400 Growth ETF by 200.3% during the 2nd quarter. Quaker Wealth Management LLC now owns 384 shares of the company’s stock valued at $35,000 after acquiring an additional 767 shares in the last quarter. 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.