Creative Planning Holds $311.87 Million in iShares Core S&P Mid-Cap ETF

Creative Planning has adjusted its investment in the iShares Core S&P Mid-Cap ETF (NYSEARCA: IJH) by reducing its stake by 1.9% during the third quarter. According to a recent Form 13F filing with the Securities & Exchange Commission, the firm currently holds 5,004,261 shares after selling 97,761 shares in the previous quarter. This position equates to approximately 0.36% ownership of the ETF, valued at around $311,866,000 at the end of the latest reporting period.

Several other hedge funds have also made modifications to their holdings in this ETF recently. For instance, Novare Capital Management LLC increased its stake by 4.3%, acquiring an additional 4,852 shares, which brings its total to 117,068 shares worth about $7,296,000. Similarly, Muirfield Wealth Advisors LLC raised its position by 1.0%, owning 85,096 shares valued at $5,303,000 after an additional purchase of 874 shares.

Moreover, ORG Partners LLC expanded its shares in the ETF significantly by 74.9%, now holding 63,285 shares worth $3,944,000 after buying an extra 27,094 shares. In addition, Cherrydale Wealth Management LLC acquired a new stake valued at $205,000 in the third quarter, and VitalStone Financial LLC boosted its share count by 10.7%, now owning 57,496 shares valued at $3,583,000 following the additional acquisition of 5,538 shares.

Performance of iShares Core S&P Mid-Cap ETF

As of Friday, shares of the iShares Core S&P Mid-Cap ETF trade at $63.91. The ETF has seen a yearly range with a low of $46.30 and a high of $64.08. The fund's 50-day moving average stands at $61.36, and its 200-day moving average is $59.83. The ETF boasts a market capitalization of $89.47 billion, with a P/E ratio of 3.28 and a beta of 1.09, indicating its volatility relative to the market.

Overview of iShares Core S&P Mid-Cap ETF

The iShares S&P Midcap 400 Index Fund, previously known as the iShares Core S&P Mid-Cap ETF, aims to achieve investment outcomes that reflect the performance and yield of mid-cap stocks in the United States, as tracked by the Standard & Poor’s MidCap 400 Index.

investment, etf, hedge