Brown Wealth Management LLC Invests $6.02 Million in iShares Core S&P Mid-Cap ETF $IJH

Brown Wealth Management LLC bought a new position in iShares Core S&P Mid-Cap ETF (NYSEARCA:IJH) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 91,277 shares of the company’s stock, valued at approximately $6,024,000. iShares Core S&P Mid-Cap ETF makes up approximately 1.6% of Brown Wealth Management LLC’s investment portfolio, making the stock its 18th largest position.

Other large investors have also recently modified their holdings of the company. Networth Advisors LLC purchased a new position in shares of iShares Core S&P Mid-Cap ETF in the fourth quarter worth about $28,000. New Millennium Group LLC increased its stake in shares of iShares Core S&P Mid-Cap ETF by 72.1% in the third quarter. New Millennium Group LLC now owns 537 shares of the company’s stock worth $35,000 after purchasing an additional 225 shares in the last quarter. Maryland Capital Advisors Inc. increased its stake in shares of iShares Core S&P Mid-Cap ETF by 240.7% in the fourth quarter. Maryland Capital Advisors Inc. now owns 552 shares of the company’s stock worth $36,000 after purchasing an additional 390 shares in the last quarter. Garner Asset Management Corp purchased a new position in shares of iShares Core S&P Mid-Cap ETF in the fourth quarter worth about $39,000. Finally, Bank & Trust Co purchased a new position in shares of iShares Core S&P Mid-Cap ETF in the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 14.60% of the company’s stock.

iShares Core S&P Mid-Cap ETF Stock Down 1.0%

IJH opened at $71.45 on Wednesday. The company has a market capitalization of $113.46 billion, a price-to-earnings ratio of 19.00 and a beta of 1.02. The firm has a 50-day moving average price of $70.30 and a 200-day moving average price of $68.77. iShares Core S&P Mid-Cap ETF has a twelve month low of $58.84 and a twelve month high of $75.15.

iShares Core S&P Mid-Cap ETF Company Profile

Ishares S&P Midcap 400 Index Fund, formerly The iShares Core S&P Mid-Cap ETF (the Fund), seeks investment results that correspond to the price and yield performance, before fees and expenses, of the United States mid-cap stocks, as represented by the Standard & Poor’s MidCap 400 (the Underlying Index). The Underlying Index measures the performance of the mid-capitalization sector of the United States equity market. The Underlying Index consists of stocks from a range of industries. Components include financial, industrials, and information technology companies.