iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) Reaches New 1-Year High – Here’s Why

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

iShares S&P Mid-Cap 400 Growth ETF Trading Down 0.6%

The stock has a fifty day simple moving average of $112.33 and a two-hundred day simple moving average of $105.61. The company has a market cap of $11.21 billion, a PE ratio of 22.45 and a beta of 1.05.

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

A number of institutional investors have recently modified their holdings of the business. Morgan Stanley raised its position in iShares S&P Mid-Cap 400 Growth ETF by 0.8% in the fourth quarter. Morgan Stanley now owns 7,220,033 shares of the company’s stock worth $699,477,000 after acquiring an additional 53,813 shares in the last quarter. Bank of America Corp DE boosted its position in shares of 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 worth $345,486,000 after purchasing an additional 130,606 shares in the last quarter. UBS Group AG grew its stake in shares of iShares S&P Mid-Cap 400 Growth ETF by 1.4% during the 4th quarter. UBS Group AG now owns 2,179,822 shares of the company’s stock worth $211,181,000 after purchasing an additional 30,546 shares during the period. D.A. Davidson & CO. increased its holdings in shares of iShares S&P Mid-Cap 400 Growth ETF by 2.8% in the 1st quarter. D.A. Davidson & CO. now owns 1,226,067 shares of the company’s stock valued at $123,367,000 after purchasing an additional 33,259 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of iShares S&P Mid-Cap 400 Growth ETF by 0.6% in the 3rd quarter. Northern Trust Corp now owns 1,103,347 shares of the company’s stock valued at $105,800,000 after purchasing an additional 6,296 shares in the last quarter. 67.99% of the stock is currently 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.