Creative Financial Designs Inc. ADV has expanded its holdings in the iShares Core S&P Mid-Cap ETF (NYSEARCA: IJH) by 4.4% during the second quarter of 2024, according to a report from HoldingsChannel.com. The firm currently owns a total of 102,976 shares of the ETF, acquiring an additional 4,336 shares within the quarter. As of the most recent reporting period, these holdings are valued at approximately $6,387,000.
This move reflects a broader trend among institutional investors in the fund. Notably, several other hedge funds have recently adjusted their stakes in the iShares Core S&P Mid-Cap ETF. For instance, Mullooly Asset Management Inc. established a new position in the ETF during the first quarter, valued at around $462,545,000. Meanwhile, Wealthspire Advisors LLC significantly increased its stake by 103.5%, now owning 15,480,038 shares worth $903,260,000 after purchasing an additional 7,873,056 shares.
Other notable investors include Bank of New York Mellon Corp, which boosted its stake by 14.3% to own 59,401,100 shares valued at $3,466,054,000, and Envestnet Asset Management Inc., which increased its holdings by 19.9% to 34,056,217 shares worth $1,987,180,000. Additionally, First Command Advisory Services Inc. raised its investment by 39.7%, now holding 15,161,869 shares valued at $932,382,000. Collectively, institutional investors hold approximately 14.60% of the ETF’s stock.
As of March 29, 2024, the iShares Core S&P Mid-Cap ETF opened at $64.53, with a market capitalization of $99.04 billion. The ETF has demonstrated a price-to-earnings ratio of 19.00 and a beta of 1.07. Over the past year, it has experienced a low of $50.15 and a high of $68.33. The ETF also recorded a 50-day simple moving average of $65.32 and a 200-day moving average at $62.48.
The iShares Core S&P Mid-Cap ETF seeks to provide investment results that correspond to the price and yield performance of U.S. mid-cap stocks, specifically as represented by the Standard & Poor’s MidCap 400 Index. This focus on mid-cap equities positions the fund to capture growth potential while maintaining a balance between risk and return.
For those interested in tracking the activities of other hedge funds holding the iShares Core S&P Mid-Cap ETF, HoldingsChannel.com offers insights into the latest 13F filings and insider trades. This can provide valuable context for investors looking to understand market dynamics and institutional strategies in this segment.
