Private Management Group Inc. Makes New $785,000 Investment in iShares S&P Mid-Cap 400 Growth ETF $IJK

Private Management Group Inc. purchased a new stake in shares of iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) in the third quarter, HoldingsChannel reports. The institutional investor purchased 7,165 shares of the company’s stock, valued at approximately $785,000.

Several other hedge funds also recently modified their holdings of the company. Montecito Bank & Trust acquired a new position in iShares S&P Mid-Cap 400 Growth ETF during the third quarter worth about $868,000. Cranbrook Wealth Management LLC bought a new position in shares of iShares S&P Mid-Cap 400 Growth ETF during the 3rd quarter valued at about $3,974,000. Palisade Asset Management LLC acquired a new stake in iShares S&P Mid-Cap 400 Growth ETF during the third quarter valued at approximately $669,000. Davidson Trust Co. acquired a new stake in iShares S&P Mid-Cap 400 Growth ETF during the third quarter valued at approximately $981,000. Finally, Oppenheimer & Co. Inc. bought a new stake in iShares S&P Mid-Cap 400 Growth ETF during the third quarter worth approximately $3,125,000. 67.99% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of NYSEARCA:IJK opened at $109.23 on Wednesday. The stock has a market capitalization of $10.49 billion, a price-to-earnings ratio of 22.45 and a beta of 1.06. iShares S&P Mid-Cap 400 Growth ETF has a 1-year low of $91.30 and a 1-year high of $119.39. The company has a 50 day moving average price of $110.03 and a 200 day moving average price of $109.71.

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.