iShares Core S&P Mid-Cap ETF (NYSEARCA:IJH) Reaches New 1-Year High – Still a Buy?

iShares Core S&P Mid-Cap ETF (NYSEARCA:IJH) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $71.08 and last traded at $71.0010, with a volume of 1809846 shares traded. The stock had previously closed at $69.53.

iShares Core S&P Mid-Cap ETF Price Performance

The stock has a market capitalization of $112.02 billion, a PE ratio of 19.00 and a beta of 1.07. The firm has a fifty day moving average price of $68.08 and a two-hundred day moving average price of $65.89.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in IJH. Northwestern Mutual Wealth Management Co. increased its position in shares of iShares Core S&P Mid-Cap ETF by 5.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 119,891,228 shares of the company’s stock valued at $7,435,654,000 after acquiring an additional 5,810,344 shares during the period. Corient Private Wealth LLC boosted its holdings in iShares Core S&P Mid-Cap ETF by 107.4% during the second quarter. Corient Private Wealth LLC now owns 10,204,380 shares of the company’s stock worth $632,044,000 after buying an additional 5,285,095 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of iShares Core S&P Mid-Cap ETF during the 2nd quarter valued at about $153,816,000. SWF LLC increased its position in shares of iShares Core S&P Mid-Cap ETF by 5,421.6% in the second quarter. SWF LLC now owns 1,868,846 shares of the company’s stock valued at $115,906,000 after buying an additional 1,835,000 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in iShares Core S&P Mid-Cap ETF by 238.9% during the third quarter. Mercer Global Advisors Inc. ADV now owns 2,302,038 shares of the company’s stock valued at $150,231,000 after purchasing an additional 1,622,736 shares in the last quarter. 14.60% of the stock is currently owned by hedge funds and other institutional investors.

About iShares Core S&P Mid-Cap ETF

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.