Sherman Asset Management Inc. Makes New $2.62 Million Investment in iShares Core S&P Mid-Cap ETF (NYSEARCA:IJH)

Sherman Asset Management Inc. purchased a new position in shares of iShares Core S&P Mid-Cap ETF (NYSEARCA:IJH) in the 4th quarter, Holdings Channel reports. The firm purchased 42,025 shares of the company’s stock, valued at approximately $2,619,000. iShares Core S&P Mid-Cap ETF comprises approximately 2.4% of Sherman Asset Management Inc.’s holdings, making the stock its 12th largest holding.

Several other hedge funds also recently made changes to their positions in IJH. Key Financial Inc raised its position in shares of iShares Core S&P Mid-Cap ETF by 1.4% during the fourth quarter. Key Financial Inc now owns 11,203 shares of the company’s stock worth $698,000 after purchasing an additional 160 shares during the period. Grant Street Asset Management Inc. raised its position in shares of iShares Core S&P Mid-Cap ETF by 2.3% during the third quarter. Grant Street Asset Management Inc. now owns 7,395 shares of the company’s stock worth $461,000 after purchasing an additional 168 shares during the period. Tidemark LLC raised its position in shares of iShares Core S&P Mid-Cap ETF by 8.5% during the third quarter. Tidemark LLC now owns 2,159 shares of the company’s stock worth $135,000 after purchasing an additional 169 shares during the period. Mason & Associates Inc raised its position in shares of iShares Core S&P Mid-Cap ETF by 2.5% during the fourth quarter. Mason & Associates Inc now owns 7,163 shares of the company’s stock worth $446,000 after purchasing an additional 175 shares during the period. Finally, Center for Financial Planning Inc. raised its position in shares of iShares Core S&P Mid-Cap ETF by 0.4% during the fourth quarter. Center for Financial Planning Inc. now owns 40,662 shares of the company’s stock worth $2,534,000 after purchasing an additional 176 shares during the period.

iShares Core S&P Mid-Cap ETF Stock Up 1.0 %

Shares of NYSEARCA:IJH opened at $61.88 on Friday. iShares Core S&P Mid-Cap ETF has a twelve month low of $56.01 and a twelve month high of $68.33. The stock’s 50 day moving average is $63.54 and its 200-day moving average is $63.26. The firm has a market capitalization of $86.63 billion, a price-to-earnings ratio of 3.28 and a beta of 1.09.

About iShares Core S&P Mid-Cap ETF

Ishares S&P Midcap 400 Index Fund, formerly The iShares Core S&P Mid-Cap ETF (the Fund), seeks investment results that correspond to the price and yield performance, before fees and expenses, of the United States mid-cap stocks, as represented by the Standard & Poor’s MidCap 400 (the Underlying Index).