Neumann Capital Management LLC Buys New Position in iShares S&P Mid-Cap 400 Growth ETF $IJK

Neumann Capital Management LLC bought a new stake in shares of iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 45,360 shares of the company’s stock, valued at approximately $4,972,000. iShares S&P Mid-Cap 400 Growth ETF accounts for about 1.3% of Neumann Capital Management LLC’s investment portfolio, making the stock its 21st biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. White Pine Investment CO acquired a new stake in shares of iShares S&P Mid-Cap 400 Growth ETF during the third quarter worth $11,168,000. Murphy Middleton Hinkle & Parker Inc. raised its stake in iShares S&P Mid-Cap 400 Growth ETF by 20.1% during the third quarter. Murphy Middleton Hinkle & Parker Inc. now owns 27,419 shares of the company’s stock worth $3,005,000 after buying an additional 4,580 shares during the last quarter. First Merchants Corp acquired a new position in iShares S&P Mid-Cap 400 Growth ETF in the third quarter valued at $11,915,000. AdvisorNet Financial Inc acquired a new position in iShares S&P Mid-Cap 400 Growth ETF in the third quarter valued at $925,000. Finally, Saxony Capital Management LLC acquired a new position in iShares S&P Mid-Cap 400 Growth ETF in the third quarter valued at $202,000. Institutional investors and hedge funds own 67.99% of the company’s stock.

iShares S&P Mid-Cap 400 Growth ETF Trading Up 0.9%

Shares of IJK opened at $109.84 on Friday. The stock has a market capitalization of $10.48 billion, a P/E ratio of 22.45 and a beta of 1.06. The firm’s fifty day simple moving average is $112.84 and its two-hundred day simple moving average is $112.02. iShares S&P Mid-Cap 400 Growth ETF has a 12 month low of $91.30 and a 12 month high of $119.39.

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.