iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) Hits New 1-Year High – Should You Buy?

iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $106.16 and last traded at $104.88, with a volume of 176406 shares traded. The stock had previously closed at $105.09.

iShares S&P Mid-Cap 400 Growth ETF Trading Down 0.2%

The firm’s fifty day moving average is $100.53 and its 200-day moving average is $97.06. The stock has a market capitalization of $9.76 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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IJK. Janney Montgomery Scott LLC lifted its stake in iShares S&P Mid-Cap 400 Growth ETF by 1.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 48,678 shares of the company’s stock worth $4,716,000 after acquiring an additional 504 shares during the last quarter. Deutsche Bank AG purchased a new stake in shares of iShares S&P Mid-Cap 400 Growth ETF during the 4th quarter worth $39,000. Pettyjohn Wood & White Inc. purchased a new stake in iShares S&P Mid-Cap 400 Growth ETF during the fourth quarter worth $354,000. Focus Partners Advisor Solutions LLC grew its holdings in iShares S&P Mid-Cap 400 Growth ETF by 48.6% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 12,217 shares of the company’s stock valued at $1,184,000 after buying an additional 3,993 shares during the last quarter. Finally, Teachers Insurance & Annuity Association of America grew its stake in iShares S&P Mid-Cap 400 Growth ETF by 1.8% in the 4th quarter. Teachers Insurance & Annuity Association of America now owns 27,663 shares of the company’s stock worth $2,680,000 after acquiring an additional 492 shares during the period. Hedge funds and other institutional investors own 67.99% of the company’s stock.

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