iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) Reaches New 52-Week High – Here’s Why

Shares of iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) hit a new 52-week high on Wednesday . The company traded as high as $98.42 and last traded at $98.8470, with a volume of 169684 shares changing hands. The stock had previously closed at $97.06.

iShares S&P Mid-Cap 400 Growth ETF Stock Up 1.7%

The firm’s 50 day simple moving average is $95.74 and its 200-day simple moving average is $93.81. The company has a market capitalization of $9.31 billion, a PE ratio of 22.45 and a beta of 1.08.

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

Large investors have recently added to or reduced their stakes in the stock. Allworth Financial LP raised its position in iShares S&P Mid-Cap 400 Growth ETF by 3.3% in the third quarter. Allworth Financial LP now owns 12,139 shares of the company’s stock valued at $1,164,000 after purchasing an additional 393 shares during the period. IFP Advisors Inc boosted its position in shares of iShares S&P Mid-Cap 400 Growth ETF by 8.0% in the third quarter. IFP Advisors Inc now owns 6,666 shares of the company’s stock worth $639,000 after buying an additional 494 shares during the period. Strategic Advocates LLC acquired a new stake in shares of iShares S&P Mid-Cap 400 Growth ETF in the third quarter valued at about $137,000. JPMorgan Chase & Co. raised its holdings in shares of iShares S&P Mid-Cap 400 Growth ETF by 1.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 878,873 shares of the company’s stock valued at $84,275,000 after buying an additional 16,657 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its position in iShares S&P Mid-Cap 400 Growth ETF by 19.9% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 21,523 shares of the company’s stock worth $2,064,000 after acquiring an additional 3,567 shares in the last quarter. 67.99% of the stock is currently owned by institutional investors and hedge funds.

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.