Gallagher Capital Advisors LLC Takes Position in iShares Core S&P Mid-Cap ETF (NYSEARCA:IJH)

Gallagher Capital Advisors LLC bought a new position in shares of iShares Core S&P Mid-Cap ETF (NYSEARCA:IJH) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 217,256 shares of the company’s stock, valued at approximately $13,537,000. iShares Core S&P Mid-Cap ETF accounts for approximately 9.9% of Gallagher Capital Advisors LLC’s portfolio, making the stock its 2nd largest position.

Several other hedge funds have also recently bought and sold shares of the business. Bank of New York Mellon Corp increased its position in shares of iShares Core S&P Mid-Cap ETF by 7.8% in the fourth quarter. Bank of New York Mellon Corp now owns 51,986,835 shares of the company’s stock worth $3,239,300,000 after acquiring an additional 3,773,422 shares in the last quarter. FMR LLC boosted its position in iShares Core S&P Mid-Cap ETF by 16.2% during the 3rd quarter. FMR LLC now owns 41,350,772 shares of the company’s stock worth $2,576,980,000 after purchasing an additional 5,776,791 shares during the period. LPL Financial LLC increased its holdings in iShares Core S&P Mid-Cap ETF by 2.8% in the 3rd quarter. LPL Financial LLC now owns 41,176,915 shares of the company’s stock valued at $2,566,145,000 after purchasing an additional 1,114,290 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in iShares Core S&P Mid-Cap ETF in the 4th quarter valued at $2,218,143,000. Finally, PNC Financial Services Group Inc. raised its position in iShares Core S&P Mid-Cap ETF by 0.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 16,591,359 shares of the company’s stock valued at $1,033,808,000 after purchasing an additional 56,800 shares during the period.

iShares Core S&P Mid-Cap ETF Stock Performance

IJH stock opened at $59.74 on Monday. The firm has a market cap of $91.40 billion, a P/E ratio of 18.98 and a beta of 1.14. iShares Core S&P Mid-Cap ETF has a 1 year low of $56.01 and a 1 year high of $68.33. The stock has a 50-day simple moving average of $63.24 and a 200-day simple moving average of $63.27.

iShares Core S&P Mid-Cap ETF Profile

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).