iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) Hits New 1-Year High – Still a Buy?

iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $101.70 and last traded at $101.6160, with a volume of 112131 shares changing hands. The stock had previously closed at $101.35.

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

The stock’s 50-day moving average price is $97.04 and its 200 day moving average price is $95.41. The firm has a market cap of $9.58 billion, a price-to-earnings ratio of 22.45 and a beta of 1.08.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its holdings in shares of iShares S&P Mid-Cap 400 Growth ETF by 3.6% during the second quarter. Bank of America Corp DE now owns 3,797,381 shares of the company’s stock valued at $345,486,000 after acquiring an additional 130,606 shares during the period. UBS Group AG boosted its position in iShares S&P Mid-Cap 400 Growth ETF by 4.9% in the 3rd quarter. UBS Group AG now owns 2,149,276 shares of the company’s stock valued at $206,094,000 after buying an additional 101,025 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in iShares S&P Mid-Cap 400 Growth ETF by 3.7% in the third quarter. Envestnet Asset Management Inc. now owns 1,823,064 shares of the company’s stock valued at $174,814,000 after acquiring an additional 65,515 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of iShares S&P Mid-Cap 400 Growth ETF by 5.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,215,536 shares of the company’s stock valued at $110,590,000 after purchasing an additional 65,914 shares during the last quarter. Finally, D.A. Davidson & CO. grew its holdings in iShares S&P Mid-Cap 400 Growth ETF by 4.7% during the 3rd quarter. D.A. Davidson & CO. now owns 1,149,366 shares of the company’s stock worth $110,213,000 after acquiring an additional 52,051 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 Company 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.