iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) Sees Strong Trading Volume – Should You Buy?

Shares of iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) saw an uptick in trading volume on Monday . 360,494 shares traded hands during trading, an increase of 23% from the previous session’s volume of 291,989 shares.The stock last traded at $93.71 and had previously closed at $94.30.

iShares S&P Mid-Cap 400 Growth ETF Stock Performance

The company has a fifty day simple moving average of $94.61 and a two-hundred day simple moving average of $92.35. The stock has a market capitalization of $10.09 billion, a price-to-earnings ratio of 18.52 and a beta of 1.08.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Ironwood Wealth Management LLC. lifted its position in shares of iShares S&P Mid-Cap 400 Growth ETF by 2.0% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 30,026 shares of the company’s stock worth $2,646,000 after buying an additional 576 shares during the last quarter. AQR Capital Management LLC bought a new position in shares of iShares S&P Mid-Cap 400 Growth ETF in the second quarter worth about $326,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of iShares S&P Mid-Cap 400 Growth ETF in the 2nd quarter valued at approximately $344,000. Sanctuary Advisors LLC bought a new stake in shares of iShares S&P Mid-Cap 400 Growth ETF during the 2nd quarter valued at approximately $3,934,000. Finally, Park Avenue Securities LLC increased its position in iShares S&P Mid-Cap 400 Growth ETF by 26.3% during the 3rd quarter. Park Avenue Securities LLC now owns 5,890 shares of the company’s stock worth $541,000 after purchasing an additional 1,227 shares in the last quarter.

iShares S&P Mid-Cap 400 Growth ETF Company Profile

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.