iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) Reaches New 12-Month High – Should You Buy?

Shares of iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) reached a new 52-week high on Thursday . The stock traded as high as $117.07 and last traded at $117.02, with a volume of 36995 shares trading hands. The stock had previously closed at $114.92.

iShares S&P Mid-Cap 400 Growth ETF Trading Up 1.0%

The firm has a 50-day simple moving average of $112.00 and a 200-day simple moving average of $105.41. The firm has a market cap of $11.27 billion, a P/E ratio of 22.45 and a beta of 1.05.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. Sapient Capital LLC grew its stake in iShares S&P Mid-Cap 400 Growth ETF by 13.6% during the 1st quarter. Sapient Capital LLC now owns 4,188 shares of the company’s stock worth $421,000 after buying an additional 503 shares during the last quarter. Western Wealth Management LLC grew its stake in shares of iShares S&P Mid-Cap 400 Growth ETF by 2.6% during the first quarter. Western Wealth Management LLC now owns 11,388 shares of the company’s stock worth $1,146,000 after acquiring an additional 291 shares during the last quarter. Blue Edge Capital LLC grew its stake in shares of iShares S&P Mid-Cap 400 Growth ETF by 2.6% during the first quarter. Blue Edge Capital LLC now owns 98,194 shares of the company’s stock worth $9,880,000 after acquiring an additional 2,493 shares during the last quarter. Integrated Investment Consultants LLC increased its holdings in shares of iShares S&P Mid-Cap 400 Growth ETF by 3.9% during the first quarter. Integrated Investment Consultants LLC now owns 3,961 shares of the company’s stock valued at $399,000 after acquiring an additional 149 shares in the last quarter. Finally, Asset Dedication LLC increased its holdings in shares of iShares S&P Mid-Cap 400 Growth ETF by 16.0% during the first quarter. Asset Dedication LLC now owns 2,415 shares of the company’s stock valued at $243,000 after acquiring an additional 333 shares in the last quarter. 67.99% of the stock is owned by hedge funds and other institutional investors.

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.