iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) Sets New 1-Year High – Time to Buy?

iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK)’s stock price hit a new 52-week high on Thursday . The company traded as high as $107.39 and last traded at $107.11, with a volume of 151025 shares traded. The stock had previously closed at $106.19.

iShares S&P Mid-Cap 400 Growth ETF Stock Up 0.9%

The company has a market cap of $9.97 billion, a P/E ratio of 22.45 and a beta of 1.08. The firm’s 50-day moving average price is $102.04 and its 200-day moving average price is $97.91.

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

Several institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC raised its stake in shares of iShares S&P Mid-Cap 400 Growth ETF by 21.5% during the 4th quarter. Brighton Jones LLC now owns 7,269 shares of the company’s stock valued at $661,000 after purchasing an additional 1,285 shares during the period. AQR Capital Management LLC grew its holdings in iShares S&P Mid-Cap 400 Growth ETF by 242.9% during the 1st quarter. AQR Capital Management LLC now owns 11,075 shares of the company’s stock valued at $922,000 after buying an additional 7,845 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in iShares S&P Mid-Cap 400 Growth ETF by 2.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,757,549 shares of the company’s stock valued at $159,902,000 after buying an additional 39,821 shares in the last quarter. Bank of Jackson Hole Trust increased its position in shares of iShares S&P Mid-Cap 400 Growth ETF by 48.0% during the second quarter. Bank of Jackson Hole Trust now owns 3,390 shares of the company’s stock valued at $308,000 after buying an additional 1,100 shares during the period. Finally, Quaker Wealth Management LLC lifted its holdings in shares of iShares S&P Mid-Cap 400 Growth ETF by 200.3% in the second quarter. Quaker Wealth Management LLC now owns 384 shares of the company’s stock worth $35,000 after buying an additional 767 shares in the last quarter. 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.