First Merchants Corp Has $13 Million Holdings in iShares S&P Mid-Cap 400 Growth ETF $IJK

First Merchants Corp reduced its holdings in iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) by 2.5% during the 2nd quarter, Holdings Channel reports. The fund owned 142,899 shares of the company’s stock after selling 3,714 shares during the quarter. First Merchants Corp’s holdings in iShares S&P Mid-Cap 400 Growth ETF were worth $13,001,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of IJK. Abound Wealth Management raised its position in iShares S&P Mid-Cap 400 Growth ETF by 260.6% in the 1st quarter. Abound Wealth Management now owns 339 shares of the company’s stock worth $28,000 after purchasing an additional 245 shares during the last quarter. Garde Capital Inc. bought a new position in iShares S&P Mid-Cap 400 Growth ETF in the 1st quarter worth approximately $31,000. Financial Connections Group Inc. raised its position in iShares S&P Mid-Cap 400 Growth ETF by 57.5% in the 1st quarter. Financial Connections Group Inc. now owns 378 shares of the company’s stock worth $31,000 after purchasing an additional 138 shares during the last quarter. IMA Advisory Services Inc. bought a new position in iShares S&P Mid-Cap 400 Growth ETF in the 1st quarter worth approximately $34,000. Finally, Smartleaf Asset Management LLC raised its position in iShares S&P Mid-Cap 400 Growth ETF by 60.5% in the 1st quarter. Smartleaf Asset Management LLC now owns 491 shares of the company’s stock worth $41,000 after purchasing an additional 185 shares during the last quarter. 67.99% of the stock is owned by institutional investors and hedge funds.

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

IJK stock opened at $96.73 on Thursday. The company has a 50 day moving average price of $95.02 and a 200 day moving average price of $89.83. iShares S&P Mid-Cap 400 Growth ETF has a fifty-two week low of $71.69 and a fifty-two week high of $100.01. The stock has a market capitalization of $9.15 billion, a PE ratio of 22.45 and a beta of 1.08.

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.