iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) Sets New 1-Year High – Time to Buy?

iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK)’s stock price reached a new 52-week high on Thursday . The company traded as high as $107.39 and last traded at $107.11, with a volume of 151025 shares traded. The stock had previously closed at $106.19.

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

The company has a 50 day simple moving average of $102.04 and a 200-day simple moving average of $97.91. The firm has a market cap of $9.97 billion, a PE ratio of 22.45 and a beta of 1.08.

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

A number of large investors have recently added to or reduced their stakes in IJK. MidFirst Bank bought a new stake in iShares S&P Mid-Cap 400 Growth ETF in the fourth quarter worth $2,952,000. MV Capital Management Inc. bought a new position in shares of iShares S&P Mid-Cap 400 Growth ETF during the fourth quarter valued at about $314,000. SB Capital Management Inc purchased a new position in shares of iShares S&P Mid-Cap 400 Growth ETF in the fourth quarter worth about $259,000. Keenan LLC bought a new stake in shares of iShares S&P Mid-Cap 400 Growth ETF in the 4th quarter valued at about $37,000. Finally, Corient Private Wealth LLC boosted its holdings in iShares S&P Mid-Cap 400 Growth ETF by 14.5% during the 4th quarter. Corient Private Wealth LLC now owns 61,549 shares of the company’s stock valued at $5,973,000 after acquiring an additional 7,792 shares during the period. Hedge funds and other institutional investors own 67.99% of the company’s stock.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.