iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) Sets New 52-Week High – What’s Next?

iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK)’s share price reached a new 52-week high on Tuesday . The company traded as high as $100.09 and last traded at $99.7540, with a volume of 87878 shares. The stock had previously closed at $99.64.

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

The stock’s fifty day moving average is $96.66 and its 200 day moving average is $95.07. The stock has a market cap of $9.49 billion, a P/E ratio of 22.45 and a beta of 1.08.

Hedge Funds Weigh In On iShares S&P Mid-Cap 400 Growth ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE raised its holdings in iShares S&P Mid-Cap 400 Growth ETF by 3.6% during the 2nd quarter. Bank of America Corp DE now owns 3,797,381 shares of the company’s stock valued at $345,486,000 after buying an additional 130,606 shares during the period. UBS Group AG increased its position in iShares S&P Mid-Cap 400 Growth ETF by 4.9% during the third quarter. UBS Group AG now owns 2,149,276 shares of the company’s stock valued at $206,094,000 after acquiring an additional 101,025 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of iShares S&P Mid-Cap 400 Growth ETF by 4.1% in the first quarter. Goldman Sachs Group Inc. now owns 2,093,318 shares of the company’s stock valued at $174,331,000 after acquiring an additional 83,352 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of 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 period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings 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 worth $110,590,000 after acquiring an additional 65,914 shares during the last quarter. Hedge funds and other institutional investors own 67.99% of the company’s stock.

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.