Asset Dedication LLC Reduces Its Stake in iShares S&P Mid-Cap 400 Growth ETF

On October 18, 2024, it was reported that Asset Dedication LLC has decreased its investment in the iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) by 24.5% during the third quarter of 2024. After a sale of 791 shares, the firm now holds 2,431 shares of the ETF. The value of these holdings was approximately $223,000 as per their latest filing with the SEC.

Other institutional investors have also adjusted their positions in the iShares S&P Mid-Cap 400 Growth ETF recently. For example, Indiana Trust & Investment Management CO expanded its position by 12.0% in the first quarter, now owning 1,089 shares valued at $99,000 after acquiring 117 additional shares. Similarly, CRA Financial Services LLC increased its stake by 2.5%, owning 5,840 shares worth $533,000 after purchasing 140 shares in the same quarter.

Country Club Bank has also boosted its holdings by 1.1%, now owning 12,963 shares valued at $1,143,000 after buying 146 shares. Furthermore, Dumont & Blake Investment Advisors LLC raised its position by 0.5%, bringing its total to 31,587 shares worth $2,882,000 after buying 151 shares. Lastly, Mattern Wealth Management LLC increased its stake by 2.6%, currently owning 5,988 shares valued at $546,000 after buying an additional 153 shares.

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

The iShares S&P Mid-Cap 400 Growth ETF opened at $93.91 recently. Over the past year, its stock has reached a low of $67.63 and a high of $94.26. The ETF's 50-day moving average price stands at $90.24, while its 200-day moving average price is $89.20. The ETF has a market capitalization of $10.09 billion, a price-to-earnings ratio of 18.52, and a beta of 1.08.

About the iShares S&P Mid-Cap 400 Growth ETF

The iShares S&P Mid-Cap 400 Growth ETF aims to mirror the price and yield performance of the S&P MidCap 400 Growth Index. This index consists of mid-cap growth stocks in the U.S. equity market, specifically selected for their strong growth characteristics.

Additional Information

Investors and analysts can find further insights about the iShares S&P Mid-Cap 400 Growth ETF through various resources. For those wishing to follow the latest developments concerning the ETF and its holdings, accessing updated filings through financial news outlets could be beneficial.

investment, shares, ETF