iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) Reaches New 12-Month High – Should You Buy?

Shares of iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) hit a new 52-week high during trading on Friday . The stock traded as high as $109.46 and last traded at $108.91, with a volume of 59476 shares traded. The stock had previously closed at $107.44.

iShares S&P Mid-Cap 400 Growth ETF Price Performance

The firm’s 50-day moving average price is $103.74 and its 200 day moving average price is $99.97. The firm has a market cap of $10.44 billion, a P/E ratio of 22.45 and a beta of 1.07.

Hedge Funds Weigh In On iShares S&P Mid-Cap 400 Growth ETF

Large investors have recently bought and sold shares of the business. First Horizon Corp bought a new position in iShares S&P Mid-Cap 400 Growth ETF in the third quarter worth about $1,251,000. Whitaker Myers Wealth Managers LTD. lifted its holdings in iShares S&P Mid-Cap 400 Growth ETF by 52.6% in the third quarter. Whitaker Myers Wealth Managers LTD. now owns 23,927 shares of the company’s stock worth $2,294,000 after acquiring an additional 8,245 shares during the last quarter. Genesis Private Wealth LLC bought a new position in iShares S&P Mid-Cap 400 Growth ETF in the fourth quarter worth about $1,514,000. JPMorgan Chase & Co. lifted its holdings in iShares S&P Mid-Cap 400 Growth ETF by 1.9% in the third quarter. JPMorgan Chase & Co. now owns 878,873 shares of the company’s stock worth $84,275,000 after acquiring an additional 16,657 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its holdings in iShares S&P Mid-Cap 400 Growth ETF by 4.7% in the third quarter. D.A. Davidson & CO. now owns 1,149,366 shares of the company’s stock worth $110,213,000 after acquiring an additional 52,051 shares during the last quarter. Institutional investors own 67.99% of the company’s stock.

About iShares S&P Mid-Cap 400 Growth ETF

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.