Independent Financial Group LLC Invests $17.62 Million in iShares Core S&P Mid-Cap ETF $IJH

Independent Financial Group LLC bought a new stake in shares of iShares Core S&P Mid-Cap ETF (NYSEARCA:IJH) in the first quarter, Holdings Channel reports. The firm bought 260,956 shares of the company’s stock, valued at approximately $17,622,000. iShares Core S&P Mid-Cap ETF comprises 0.5% of Independent Financial Group LLC’s investment portfolio, making the stock its 27th largest position.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC grew its position in shares of iShares Core S&P Mid-Cap ETF by 4.2% during the fourth quarter. Brighton Jones LLC now owns 77,674 shares of the company’s stock worth $4,840,000 after buying an additional 3,155 shares in the last quarter. AQR Capital Management LLC grew its position in shares of iShares Core S&P Mid-Cap ETF by 91.4% in the 1st quarter. AQR Capital Management LLC now owns 60,150 shares of the company’s stock valued at $3,510,000 after buying an additional 28,722 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in shares of iShares Core S&P Mid-Cap ETF during the first quarter worth about $7,142,000. United Bank grew its stake in iShares Core S&P Mid-Cap ETF by 3.3% during the 2nd quarter. United Bank now owns 75,964 shares of the company’s stock worth $4,711,000 after buying an additional 2,460 shares during the last quarter. Finally, First Trust Advisors LP grew its position in shares of iShares Core S&P Mid-Cap ETF by 8.0% during the second quarter. First Trust Advisors LP now owns 9,352 shares of the company’s stock worth $580,000 after acquiring an additional 689 shares during the last quarter. Institutional investors and hedge funds own 14.60% of the company’s stock.

iShares Core S&P Mid-Cap ETF Stock Performance

NYSEARCA IJH opened at $75.99 on Friday. The firm has a market cap of $122.92 billion, a PE ratio of 19.00 and a beta of 1.00. iShares Core S&P Mid-Cap ETF has a one year low of $61.29 and a one year high of $77.28. The firm’s fifty day moving average is $74.87 and its two-hundred day moving average is $71.61.

iShares Core S&P Mid-Cap ETF Company Profile

Ishares S&P Midcap 400 Index Fund, formerly The iShares Core S&P Mid-Cap ETF (the Fund), seeks investment results that correspond to the price and yield performance, before fees and expenses, of the United States mid-cap stocks, as represented by the Standard & Poor’s MidCap 400 (the Underlying Index). The Underlying Index measures the performance of the mid-capitalization sector of the United States equity market. The Underlying Index consists of stocks from a range of industries. Components include financial, industrials, and information technology companies.