iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) Sees Large Volume Increase – Time to Buy?

iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) shares saw an uptick in trading volume on Wednesday . 1,047,417 shares were traded during trading, an increase of 225% from the previous session’s volume of 321,972 shares.The stock last traded at $85.20 and had previously closed at $83.86.

iShares S&P Mid-Cap 400 Growth ETF Trading Up 1.8 %

The company has a market cap of $8.66 billion, a P/E ratio of 20.75 and a beta of 1.12. The company’s 50-day moving average price is $89.38 and its two-hundred day moving average price is $92.14.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Thomasville National Bank boosted its holdings in shares of iShares S&P Mid-Cap 400 Growth ETF by 3.3% in the fourth quarter. Thomasville National Bank now owns 3,542 shares of the company’s stock valued at $322,000 after acquiring an additional 113 shares in the last quarter. PFG Advisors boosted its stake in iShares S&P Mid-Cap 400 Growth ETF by 0.6% during the 4th quarter. PFG Advisors now owns 21,328 shares of the company’s stock valued at $1,939,000 after purchasing an additional 120 shares in the last quarter. MainStreet Investment Advisors LLC raised its stake in shares of iShares S&P Mid-Cap 400 Growth ETF by 1.2% in the 4th quarter. MainStreet Investment Advisors LLC now owns 11,331 shares of the company’s stock worth $1,030,000 after buying an additional 129 shares in the last quarter. Carnegie Investment Counsel boosted its stake in iShares S&P Mid-Cap 400 Growth ETF by 3.5% during the fourth quarter. Carnegie Investment Counsel now owns 4,137 shares of the company’s stock valued at $376,000 after buying an additional 141 shares in the last quarter. Finally, Tidemark LLC grew its holdings in iShares S&P Mid-Cap 400 Growth ETF by 14.3% during the fourth quarter. Tidemark LLC now owns 1,198 shares of the company’s stock worth $109,000 after acquiring an additional 150 shares during the period.

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.