iShares Core S&P Mid-Cap ETF (NYSEARCA:IJH) Sees Unusually-High Trading Volume – What’s Next?

Shares of iShares Core S&P Mid-Cap ETF (NYSEARCA:IJH) saw an uptick in trading volume on Monday . 21,720,229 shares changed hands during mid-day trading, an increase of 163% from the previous session’s volume of 8,251,741 shares.The stock last traded at $63.88 and had previously closed at $64.05.

iShares Core S&P Mid-Cap ETF Price Performance

The stock’s 50-day moving average is $64.12 and its two-hundred day moving average is $62.96. The stock has a market cap of $88.69 billion, a P/E ratio of 3.28 and a beta of 1.09.

Institutional Investors Weigh In On iShares Core S&P Mid-Cap ETF

A number of hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its stake in shares of iShares Core S&P Mid-Cap ETF by 7.8% in the fourth quarter. Bank of New York Mellon Corp now owns 51,986,835 shares of the company’s stock valued at $3,239,300,000 after acquiring an additional 3,773,422 shares during the period. LPL Financial LLC increased its stake in iShares Core S&P Mid-Cap ETF by 3.3% in the 4th quarter. LPL Financial LLC now owns 42,550,311 shares of the company’s stock worth $2,651,310,000 after buying an additional 1,373,396 shares during the period. FMR LLC increased its stake in iShares Core S&P Mid-Cap ETF by 16.2% in the 3rd quarter. FMR LLC now owns 41,350,772 shares of the company’s stock worth $2,576,980,000 after buying an additional 5,776,791 shares during the period. JPMorgan Chase & Co. increased its stake in iShares Core S&P Mid-Cap ETF by 2.4% in the 4th quarter. JPMorgan Chase & Co. now owns 38,961,128 shares of the company’s stock worth $2,427,668,000 after buying an additional 907,038 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in iShares Core S&P Mid-Cap ETF in the 4th quarter worth about $2,218,143,000.

About iShares Core S&P Mid-Cap ETF

Ishares S&P Midcap 400 Index Fund, formerly The iShares Core S&P Mid-Cap ETF (the Fund), seeks investment results that correspond to the price and yield performance, before fees and expenses, of the United States mid-cap stocks, as represented by the Standard & Poor’s MidCap 400 (the Underlying Index).