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

Shares of iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) hit a new 52-week high on Thursday . The company traded as high as $106.16 and last traded at $104.88, with a volume of 176406 shares changing hands. The stock had previously closed at $105.09.

iShares S&P Mid-Cap 400 Growth ETF Stock Performance

The firm has a market capitalization of $9.76 billion, a price-to-earnings ratio of 22.45 and a beta of 1.08. The stock’s fifty day moving average is $100.53 and its two-hundred day moving average is $97.06.

Institutional Trading of iShares S&P Mid-Cap 400 Growth ETF

Large investors have recently modified their holdings of the business. CENTRAL TRUST Co raised its position in shares of iShares S&P Mid-Cap 400 Growth ETF by 102.1% in the 2nd quarter. CENTRAL TRUST Co now owns 287 shares of the company’s stock valued at $26,000 after purchasing an additional 145 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of iShares S&P Mid-Cap 400 Growth ETF during the third quarter worth approximately $28,000. Nemes Rush Group LLC acquired a new stake in shares of iShares S&P Mid-Cap 400 Growth ETF during the fourth quarter worth approximately $28,000. Elevation Point Wealth Partners LLC bought a new stake in shares of iShares S&P Mid-Cap 400 Growth ETF in the second quarter worth $29,000. Finally, National Bank of Canada FI acquired a new stake in iShares S&P Mid-Cap 400 Growth ETF in the third quarter valued at $29,000. 67.99% of the stock is currently owned by institutional investors and hedge funds.

About iShares S&P Mid-Cap 400 Growth ETF

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.