iShares Core S&P Mid-Cap ETF (NYSEARCA:IJH) Sets New 52-Week High – Should You Buy?

iShares Core S&P Mid-Cap ETF (NYSEARCA:IJH)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $68.27 and last traded at $68.2750, with a volume of 7306189 shares traded. The stock had previously closed at $67.78.

iShares Core S&P Mid-Cap ETF Stock Performance

The company has a market capitalization of $106.37 billion, a PE ratio of 19.00 and a beta of 1.07. The stock has a fifty day moving average of $65.75 and a 200 day moving average of $64.78.

Hedge Funds Weigh In On iShares Core S&P Mid-Cap ETF

A number of hedge funds and other institutional investors have recently modified their holdings of IJH. Bfsg LLC lifted its stake in iShares Core S&P Mid-Cap ETF by 4.6% in the 3rd quarter. Bfsg LLC now owns 3,492 shares of the company’s stock worth $228,000 after purchasing an additional 155 shares in the last quarter. Seneca House Advisors lifted its position in shares of iShares Core S&P Mid-Cap ETF by 1.3% in the third quarter. Seneca House Advisors now owns 11,931 shares of the company’s stock worth $779,000 after buying an additional 158 shares in the last quarter. Magnolia Capital Advisors LLC boosted its stake in iShares Core S&P Mid-Cap ETF by 1.0% during the third quarter. Magnolia Capital Advisors LLC now owns 15,433 shares of the company’s stock valued at $1,007,000 after buying an additional 158 shares during the last quarter. Whalerock Point Partners LLC boosted its stake in iShares Core S&P Mid-Cap ETF by 1.7% during the third quarter. Whalerock Point Partners LLC now owns 9,554 shares of the company’s stock valued at $623,000 after buying an additional 159 shares during the last quarter. Finally, Next Level Private LLC grew its holdings in iShares Core S&P Mid-Cap ETF by 1.2% during the 2nd quarter. Next Level Private LLC now owns 13,725 shares of the company’s stock valued at $851,000 after buying an additional 160 shares in the last quarter. Institutional investors own 14.60% of the company’s stock.

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.