Summit Financial LLC Has $28.56 Million Stock Position in iShares Core S&P Mid-Cap ETF $IJH

Summit Financial LLC lowered its stake in iShares Core S&P Mid-Cap ETF (NYSEARCA:IJH) by 1.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 432,744 shares of the company’s stock after selling 7,414 shares during the period. Summit Financial LLC’s holdings in iShares Core S&P Mid-Cap ETF were worth $28,561,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in IJH. Coyle Financial Counsel LLC increased its position in iShares Core S&P Mid-Cap ETF by 33.6% in the 3rd quarter. Coyle Financial Counsel LLC now owns 290,109 shares of the company’s stock valued at $18,932,000 after acquiring an additional 72,902 shares during the period. Bright Futures Wealth Management LLC. acquired a new position in iShares Core S&P Mid-Cap ETF in the 3rd quarter valued at approximately $1,231,000. 1ST Source Bank increased its position in iShares Core S&P Mid-Cap ETF by 28.7% in the 3rd quarter. 1ST Source Bank now owns 380,722 shares of the company’s stock valued at $24,846,000 after acquiring an additional 84,803 shares during the period. Artemis Wealth Advisors LLC increased its position in iShares Core S&P Mid-Cap ETF by 50.3% in the 3rd quarter. Artemis Wealth Advisors LLC now owns 46,740 shares of the company’s stock valued at $3,050,000 after acquiring an additional 15,650 shares during the period. Finally, Cypress Wealth Services LLC increased its position in iShares Core S&P Mid-Cap ETF by 287.5% in the 4th quarter. Cypress Wealth Services LLC now owns 14,977 shares of the company’s stock valued at $988,000 after acquiring an additional 11,112 shares during the period. Institutional investors and hedge funds own 14.60% of the company’s stock.

iShares Core S&P Mid-Cap ETF Stock Performance

Shares of NYSEARCA IJH opened at $76.04 on Friday. iShares Core S&P Mid-Cap ETF has a 52-week low of $59.84 and a 52-week high of $76.41. The firm has a 50 day moving average price of $72.83 and a two-hundred day moving average price of $70.01. The stock has a market cap of $120.75 billion, a P/E ratio of 19.00 and a beta of 1.01.

About iShares Core S&P Mid-Cap ETF

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.