Investment Advisory Group LLC has increased its holdings in the iShares Core S&P Mid-Cap ETF (NYSEARCA: IJH) by 13.3% during the third quarter, as reported in its latest filing with the Securities and Exchange Commission. The firm now owns 88,690 shares of the ETF, having purchased an additional 10,414 shares in the period, bringing the total value of this investment to approximately $5.79 million.
The iShares Core S&P Mid-Cap ETF represents about 1.6% of Investment Advisory Group’s overall portfolio, making it the firm’s 14th largest holding. This strategic move reflects a growing interest among institutional investors in mid-cap stocks, which are often seen as a balance between growth potential and stability.
Several other hedge funds have also adjusted their positions in the iShares Core S&P Mid-Cap ETF recently. For instance, Capital A Wealth Management LLC initiated a new stake valued at around $25,000 in the second quarter. Additionally, Davis Capital Management acquired shares worth approximately $30,000 during the third quarter.
North Capital Inc. made a significant move by increasing its holdings in the ETF by 133.1%, now owning 571 shares valued at $37,000 after purchasing an additional 326 shares. Vermillion Wealth Management Inc. also raised its position by an impressive 324.2% in the second quarter, bringing its total to 649 shares worth around $40,000. Lastly, Access Investment Management LLC entered the market with a new position valued at $42,000 in the second quarter.
As of now, institutional investors hold approximately 14.60% of the iShares Core S&P Mid-Cap ETF.
In terms of market performance, shares of the iShares Core S&P Mid-Cap ETF opened at $69.61 on Tuesday. The ETF has demonstrated solid performance with a fifty-day moving average of $67.17 and a two-hundred-day moving average of $65.51. With a market capitalization of $108.56 billion, the ETF has a price-to-earnings ratio of 19.00 and a beta of 1.07. Over the past year, the ETF has fluctuated between a low of $50.15 and a high of $71.04.
The iShares Core S&P Mid-Cap ETF aims to replicate the performance of the Standard & Poor’s MidCap 400 index, which includes mid-cap stocks across various industries including financials, industrials, and information technology. This focus allows investors to gain exposure to a diversified mix of companies that are often well-positioned for growth.
For those interested in further details about institutional holdings and trades related to the iShares Core S&P Mid-Cap ETF, resources like HoldingsChannel.com provide updated 13F filings and insider trading information. Additionally, subscribers can receive daily summaries of news and analyst ratings for the ETF and related investments through MarketBeat.com’s email newsletter.
