iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) Sees Large Volume Increase – What’s Next?

Shares of iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) saw strong trading volume on Monday . 360,494 shares traded hands during mid-day 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 Down 0.5 %

The stock’s fifty day moving average is $94.61 and its two-hundred day moving average is $92.35. The firm 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

Several institutional investors have recently modified their holdings of the company. Thomasville National Bank boosted its position in iShares S&P Mid-Cap 400 Growth ETF by 3.3% during the fourth quarter. Thomasville National Bank now owns 3,542 shares of the company’s stock worth $322,000 after purchasing an additional 113 shares during the period. Balboa Wealth Partners lifted its stake in shares of iShares S&P Mid-Cap 400 Growth ETF by 1.0% during the 3rd quarter. Balboa Wealth Partners now owns 13,924 shares of the company’s stock worth $1,280,000 after buying an additional 137 shares during the last quarter. Carnegie Investment Counsel boosted its holdings in shares of iShares S&P Mid-Cap 400 Growth ETF by 3.5% during the 4th quarter. Carnegie Investment Counsel now owns 4,137 shares of the company’s stock worth $376,000 after buying an additional 141 shares during the period. Macroview Investment Management LLC grew its stake in iShares S&P Mid-Cap 400 Growth ETF by 8.3% in the 3rd quarter. Macroview Investment Management LLC now owns 1,910 shares of the company’s stock valued at $176,000 after buying an additional 146 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in iShares S&P Mid-Cap 400 Growth ETF by 10.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,615 shares of the company’s stock valued at $147,000 after acquiring an additional 157 shares during the period.

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.