Focus Financial Network Inc. Increases Stock Position in iShares S&P Mid-Cap 400 Growth ETF $IJK

Focus Financial Network Inc. boosted its stake in iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) by 3.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,917 shares of the company’s stock after purchasing an additional 237 shares during the quarter. Focus Financial Network Inc.’s holdings in iShares S&P Mid-Cap 400 Growth ETF were worth $629,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its stake in iShares S&P Mid-Cap 400 Growth ETF by 4.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,093,318 shares of the company’s stock worth $174,331,000 after purchasing an additional 83,352 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of iShares S&P Mid-Cap 400 Growth ETF by 2.7% during the 1st quarter. Raymond James Financial Inc. now owns 1,849,336 shares of the company’s stock valued at $154,013,000 after buying an additional 48,238 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of iShares S&P Mid-Cap 400 Growth ETF by 1.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,717,728 shares of the company’s stock valued at $143,052,000 after buying an additional 29,906 shares in the last quarter. LPL Financial LLC raised its position in shares of iShares S&P Mid-Cap 400 Growth ETF by 3.2% during the 1st quarter. LPL Financial LLC now owns 1,405,306 shares of the company’s stock valued at $117,034,000 after buying an additional 43,680 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of iShares S&P Mid-Cap 400 Growth ETF by 4.8% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,149,622 shares of the company’s stock valued at $95,741,000 after buying an additional 52,492 shares in the last quarter. Hedge funds and other institutional investors own 67.99% of the company’s stock.

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

Shares of NYSEARCA IJK opened at $96.66 on Friday. The firm’s 50-day moving average price is $94.26 and its 200-day moving average price is $88.78. The stock has a market capitalization of $9.28 billion, a price-to-earnings ratio of 22.45 and a beta of 1.08. iShares S&P Mid-Cap 400 Growth ETF has a 12-month low of $71.69 and a 12-month high of $100.01.

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.