SG Americas Securities LLC Reduces Stake in iShares Core S&P Mid-Cap ETF

SG Americas Securities LLC has significantly cut its investment in the iShares Core S&P Mid-Cap ETF (NYSEARCA:IJH) by 84.4% during the recent third quarter, as reported in its latest filing with the Securities and Exchange Commission (SEC). After the reduction, the firm holds 18,485 shares, having sold 99,654 shares during this period. The current value of SG Americas Securities LLC's investment in the iShares Core S&P Mid-Cap ETF stands at approximately $1.15 million.

Other large investors have also made changes to their holdings in the iShares Core S&P Mid-Cap ETF. For example, Northwestern Mutual Wealth Management Co. increased its ownership by 3.3% in the second quarter, now holding 100,490,787 shares valued at about $5.88 billion after buying an additional 3,196,592 shares. Similarly, LPL Financial LLC raised its stake by 4.0%, acquiring 1,523,264 shares for a total of 40,062,625 shares valued at approximately $2.34 billion.

JPMorgan Chase & Co. experiences a remarkable increase in its position during the first quarter, boosting its holdings by 407.0%. The firm now possesses 38,027,122 shares worth around $2.31 billion after purchasing an additional 30,526,866 shares. Envestnet Asset Management Inc. also enlarged its stake by 83.0% during the second quarter with holdings of 24,275,880 shares valued at $1.42 billion, following the acquisition of 11,011,385 additional shares. Lastly, Raymond James & Associates has increased its holdings by 1.2% during the second quarter, now owning 18,872,281 shares valued at approximately $1.10 billion after purchasing 216,899 shares.

Market Performance of iShares Core S&P Mid-Cap ETF

As of the latest trading session, shares of the iShares Core S&P Mid-Cap ETF opened at $61.96, reflecting a slight decline of 0.5%. The ETF has recorded a 12-month low of $46.30 and a 12-month high of $62.86. The current 50-day moving average is $60.69, and the 200-day moving average is $59.68. The ETF holds a market capitalization of approximately $86.74 billion, with a price-to-earnings (PE) ratio of 3.28 and a beta of 1.09, indicating a moderate level of volatility compared to the broader market.

About iShares Core S&P Mid-Cap ETF

The iShares Core S&P Mid-Cap ETF aims to provide investment results that mirror the performance, before fees and expenses, of mid-cap stocks in the United States. This is measured by its tracking of the Standard & Poor’s MidCap 400 Index, which serves as the underlying index for this fund.

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SGAmericas, IJH, ETF