iShares Core S&P Mid-Cap ETF (NYSEARCA:IJH) Sets New 12-Month High – Still a Buy?

iShares Core S&P Mid-Cap ETF (NYSEARCA:IJH)’s share price hit a new 52-week high on Thursday . The company traded as high as $72.42 and last traded at $71.59, with a volume of 12855140 shares changing hands. The stock had previously closed at $71.76.

iShares Core S&P Mid-Cap ETF Price Performance

The firm’s 50-day moving average is $68.43 and its two-hundred day moving average is $66.05. The company has a market cap of $111.81 billion, a P/E ratio of 19.00 and a beta of 1.07.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Collier Financial increased its position in shares of iShares Core S&P Mid-Cap ETF by 5.6% during the fourth quarter. Collier Financial now owns 3,866 shares of the company’s stock worth $255,000 after acquiring an additional 204 shares during the period. Principal Securities Inc. grew its stake in iShares Core S&P Mid-Cap ETF by 2.2% in the fourth quarter. Principal Securities Inc. now owns 151,349 shares of the company’s stock worth $9,989,000 after purchasing an additional 3,193 shares in the last quarter. Great Lakes Advisors LLC bought a new position in iShares Core S&P Mid-Cap ETF in the fourth quarter worth approximately $262,000. Trailhead Planners LLC purchased a new position in iShares Core S&P Mid-Cap ETF during the 4th quarter worth $264,000. Finally, Woodley Farra Manion Portfolio Management Inc. bought a new stake in iShares Core S&P Mid-Cap ETF during the 4th quarter valued at $234,000. Institutional investors own 14.60% of the company’s stock.

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.