Asset Dedication LLC Sells 791 Shares of iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK)

On October 18, 2024, it was reported that Asset Dedication LLC has reduced its investment in the iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK – Free Report) by 24.5% during the third quarter of the year. According to the latest filing with the SEC, the institutional investor now holds 2,431 shares of this ETF, having sold 791 shares within the quarter. As of this filing, these holdings are valued at approximately $223,000.

Other investment firms have also made changes to their stakes in the iShares S&P Mid-Cap 400 Growth ETF. For instance, Indiana Trust & Investment Management CO has increased its position by 12.0% during the first quarter, resulting in ownership of 1,089 shares valued at $99,000 after acquiring an additional 117 shares. Similarly, CRA Financial Services LLC raised its stake in the ETF by 2.5% in the same period, now owning 5,840 shares worth $533,000 after adding 140 shares to its portfolio.

Moreover, Country Club Bank reported a 1.1% increase in its holdings during the second quarter, acquiring an additional 146 shares to reach a total of 12,963 shares valued at $1,143,000. Dumont & Blake Investment Advisors LLC grew its position by 0.5% in the first quarter, now holding 31,587 shares worth $2,882,000 after buying 151 additional shares. Lastly, Mattern Wealth Management LLC also increased its holdings by 2.6%, owning 5,988 shares valued at $546,000 after adding 153 shares.

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

As of the latest market update, the iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) opened at $93.91. The ETF has displayed significant volatility over the past year, holding a 52-week low of $67.63 and a high of $94.26. The 50-day moving average stands at $90.24 while the 200-day moving average is $89.20. The ETF currently boasts a market capitalization of $10.09 billion, a price-to-earnings ratio of 18.52, and a beta of 1.08, indicating moderate volatility compared to the broader market.

Overview of the iShares S&P Mid-Cap 400 Growth ETF

The iShares S&P Mid-Cap 400 Growth ETF, previously known as the iShares S&P MidCap 400 Growth Index Fund, is designed to track the performance and yield of the S&P MidCap 400 Growth Index. This index specifically measures the performance of mid-cap growth stocks within the U.S. equity market, focusing on companies exhibiting the strongest growth characteristics.

Additional Information

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Curious about other hedge fund activities regarding IJK? Keep updated by checking relevant 13F filings and other insider trade reports.

ETF, Investment, Market