USA Financial Formulas Purchases Shares of 1,041,989 iShares S&P Mid-Cap 400 Growth ETF $IJK
by Kim Johansen · The Markets DailyUSA Financial Formulas purchased a new stake in iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,041,989 shares of the company’s stock, valued at approximately $104,845,000. iShares S&P Mid-Cap 400 Growth ETF comprises 19.2% of USA Financial Formulas’ investment portfolio, making the stock its 3rd biggest holding.
A number of other institutional investors have also made changes to their positions in IJK. Brighton Jones LLC lifted its position in shares of iShares S&P Mid-Cap 400 Growth ETF by 21.5% during the 4th quarter. Brighton Jones LLC now owns 7,269 shares of the company’s stock worth $661,000 after purchasing an additional 1,285 shares during the last quarter. AQR Capital Management LLC grew its holdings in iShares S&P Mid-Cap 400 Growth ETF by 242.9% in the 1st quarter. AQR Capital Management LLC now owns 11,075 shares of the company’s stock valued at $922,000 after buying an additional 7,845 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in iShares S&P Mid-Cap 400 Growth ETF by 123.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 398 shares of the company’s stock valued at $36,000 after buying an additional 220 shares during the last quarter. Glenview Trust co increased its position in iShares S&P Mid-Cap 400 Growth ETF by 8.0% in the 2nd quarter. Glenview Trust co now owns 7,537 shares of the company’s stock worth $686,000 after buying an additional 557 shares during the period. Finally, Jane Street Group LLC bought a new stake in shares of iShares S&P Mid-Cap 400 Growth ETF in the second quarter valued at approximately $918,000. 67.99% of the stock is currently owned by institutional investors.
iShares S&P Mid-Cap 400 Growth ETF Trading Up 0.4%
Shares of iShares S&P Mid-Cap 400 Growth ETF stock opened at $119.04 on Friday. iShares S&P Mid-Cap 400 Growth ETF has a 1 year low of $91.30 and a 1 year high of $119.15. The company’s fifty day simple moving average is $114.58 and its 200-day simple moving average is $109.21. The company has a market cap of $11.39 billion, a price-to-earnings ratio of 22.45 and a beta of 1.05.
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.
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