Modern Wealth Management LLC increased its stake in shares of iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK – Free Report) by 19,935.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 491,460 shares of the company’s stock after buying an additional 489,007 shares during the quarter. iShares S&P Mid-Cap 400 Growth ETF comprises approximately 0.9% of Modern Wealth Management LLC’s portfolio, making the stock its 27th largest holding. Modern Wealth Management LLC’s holdings in iShares S&P Mid-Cap 400 Growth ETF were worth $50,001,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AlphaCore Capital LLC increased its stake in iShares S&P Mid-Cap 400 Growth ETF by 44,722.6% in the 4th quarter. AlphaCore Capital LLC now owns 222,320 shares of the company’s stock valued at $21,538,000 after buying an additional 221,824 shares during the period. Arax Advisory Partners acquired a new stake in shares of iShares S&P Mid-Cap 400 Growth ETF during the 4th quarter valued at $18,423,000. Fifth Third Bancorp boosted its stake in shares of iShares S&P Mid-Cap 400 Growth ETF by 105.2% during the 1st quarter. Fifth Third Bancorp now owns 295,026 shares of the company’s stock valued at $29,685,000 after buying an additional 151,240 shares during the period. Bank of America Corp DE boosted its stake in shares of iShares S&P Mid-Cap 400 Growth ETF by 3.6% during the 2nd quarter. Bank of America Corp DE now owns 3,797,381 shares of the company’s stock valued at $345,486,000 after buying an additional 130,606 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of iShares S&P Mid-Cap 400 Growth ETF by 15.6% during the 1st quarter. Bank of New York Mellon Corp now owns 949,569 shares of the company’s stock valued at $95,546,000 after acquiring an additional 128,011 shares in the last quarter. 67.99% of the stock is owned by hedge funds and other institutional investors.
iShares S&P Mid-Cap 400 Growth ETF Trading Up 0.1%
Shares of NYSEARCA:IJK opened at $113.27 on Friday. iShares S&P Mid-Cap 400 Growth ETF has a 1 year low of $90.44 and a 1 year high of $117.60. The business has a fifty day simple moving average of $113.79 and a 200 day simple moving average of $107.81. The firm has a market cap of $10.84 billion, a price-to-earnings ratio of 22.45 and a beta of 1.05.
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.
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Want to see what other hedge funds are holding IJK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK – Free Report).
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