iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) Hits New 52-Week High – Time to Buy?

Shares of iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) reached a new 52-week high on Friday . The stock traded as high as $107.31 and last traded at $106.6810, with a volume of 40938 shares. The stock had previously closed at $105.77.

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

The firm has a 50-day moving average of $101.33 and a 200 day moving average of $97.50. The company has a market capitalization of $9.90 billion, a PE ratio of 22.45 and a beta of 1.08.

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

A number of large investors have recently made changes to their positions in IJK. Brighton Jones LLC lifted its position in iShares S&P Mid-Cap 400 Growth ETF by 21.5% during the fourth quarter. Brighton Jones LLC now owns 7,269 shares of the company’s stock valued at $661,000 after purchasing an additional 1,285 shares during the period. AQR Capital Management LLC raised its stake in iShares S&P Mid-Cap 400 Growth ETF by 242.9% during the 1st quarter. AQR Capital Management LLC now owns 11,075 shares of the company’s stock valued at $922,000 after buying an additional 7,845 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in iShares S&P Mid-Cap 400 Growth ETF by 27.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,927 shares of the company’s stock valued at $360,000 after buying an additional 851 shares during the last quarter. Whittier Trust Co. lifted its holdings in shares of iShares S&P Mid-Cap 400 Growth ETF by 17.6% during the 2nd quarter. Whittier Trust Co. now owns 18,700 shares of the company’s stock valued at $1,701,000 after buying an additional 2,792 shares during the period. Finally, Cullen Frost Bankers Inc. boosted its stake in shares of iShares S&P Mid-Cap 400 Growth ETF by 2.5% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 146,234 shares of the company’s stock worth $13,304,000 after buying an additional 3,548 shares during the last quarter. 67.99% of the stock is currently owned by 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.