iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) Sets New 52-Week High – Time to Buy?

iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK)’s share price reached a new 52-week high on Friday . The company traded as high as $97.75 and last traded at $97.63, with a volume of 168510 shares changing hands. The stock had previously closed at $96.25.

iShares S&P Mid-Cap 400 Growth ETF Trading Up 1.7 %

The firm has a market cap of $10.52 billion, a P/E ratio of 18.52 and a beta of 1.08. The business’s fifty day simple moving average is $92.91 and its 200-day simple moving average is $90.33.

Institutional Trading of iShares S&P Mid-Cap 400 Growth ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital Performance Advisors LLP bought a new stake in iShares S&P Mid-Cap 400 Growth ETF during the 3rd quarter worth approximately $26,000. RPg Family Wealth Advisory LLC purchased a new position in shares of iShares S&P Mid-Cap 400 Growth ETF during the 3rd quarter valued at $28,000. Ashton Thomas Securities LLC increased its holdings in shares of iShares S&P Mid-Cap 400 Growth ETF by 1,229.2% in the third quarter. Ashton Thomas Securities LLC now owns 319 shares of the company’s stock worth $29,000 after purchasing an additional 295 shares during the period. Kimelman & Baird LLC purchased a new stake in shares of iShares S&P Mid-Cap 400 Growth ETF in the second quarter worth $31,000. Finally, Syntrinsic LLC bought a new stake in iShares S&P Mid-Cap 400 Growth ETF during the third quarter valued at $38,000.

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.