D.A. Davidson & CO. Acquires New Position in iShares S&P Mid-Cap 400 Growth ETF $IJK

D.A. Davidson & CO. acquired a new stake in iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,283,941 shares of the company’s stock, valued at approximately $140,733,000. iShares S&P Mid-Cap 400 Growth ETF comprises about 0.8% of D.A. Davidson & CO.’s portfolio, making the stock its 26th biggest position. D.A. Davidson & CO. owned about 1.34% of iShares S&P Mid-Cap 400 Growth ETF as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its stake in shares of iShares S&P Mid-Cap 400 Growth ETF by 5.3% during the second quarter. Envestnet Asset Management Inc. now owns 2,065,287 shares of the company’s stock worth $242,671,000 after purchasing an additional 103,836 shares during the period. USA Financial Formulas bought a new position in iShares S&P Mid-Cap 400 Growth ETF during the first quarter worth about $104,845,000. Bank of New York Mellon Corp boosted its holdings in iShares S&P Mid-Cap 400 Growth ETF by 15.6% during the first quarter. Bank of New York Mellon Corp now owns 949,569 shares of the company’s stock worth $95,546,000 after buying an additional 128,011 shares during the last quarter. Royal Bank of Canada boosted its holdings in iShares S&P Mid-Cap 400 Growth ETF by 3.2% during the first quarter. Royal Bank of Canada now owns 551,904 shares of the company’s stock worth $55,532,000 after buying an additional 17,057 shares during the last quarter. Finally, Modern Wealth Management LLC grew its position in shares of iShares S&P Mid-Cap 400 Growth ETF by 19,935.1% during the 1st quarter. Modern Wealth Management LLC now owns 491,460 shares of the company’s stock worth $50,001,000 after buying an additional 489,007 shares during the period. Institutional investors and hedge funds own 67.99% of the company’s stock.

iShares S&P Mid-Cap 400 Growth ETF Trading Up 0.5%

iShares S&P Mid-Cap 400 Growth ETF stock opened at $109.06 on Thursday. The firm has a market capitalization of $10.46 billion, a P/E ratio of 22.45 and a beta of 1.06. The business has a 50-day moving average of $111.21 and a 200-day moving average of $109.46. iShares S&P Mid-Cap 400 Growth ETF has a 1 year low of $91.30 and a 1 year high of $119.39.

iShares S&P Mid-Cap 400 Growth ETF 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.