Claro Advisors LLC Reduces Stake in iShares Core S&P Mid-Cap ETF (NYSEARCA:IJH)

As of October 20th, 2024, Claro Advisors LLC has significantly reduced its investment in the iShares Core S&P Mid-Cap ETF (NYSEARCA:IJH) by 84.4% during the third quarter. This change was reported in the firm's latest filing with the Securities & Exchange Commission. After unloading 40,171 shares in the quarter, Claro Advisors LLC now holds 7,415 shares of the ETF, which were valued at approximately $462,000 at the conclusion of the reporting period.

Other investment firms have also adjusted their positions in the iShares Core S&P Mid-Cap ETF. For example, during the fourth quarter, Fisher Asset Management LLC boosted its holdings by 62.5%, acquiring an additional 1,429 shares to reach a total of 3,716 shares valued at $1,030,000. Similarly, RFG Advisory LLC made a substantial increase of 438.8% in the first quarter, gaining 22,478 shares for a total of 27,601 shares now worth $1,676,000. International Assets Investment Management LLC also expanded its stake by 403.4% in the first quarter, ending up with 30,915 shares valued at $1,866,000 after buying 24,774 shares.

Salem Investment Counselors Inc. raised its position in the ETF by 392.6% during the first quarter, now holding 26,604 shares worth $1,616,000 after acquiring an additional 21,203 shares. Likewise, Radnor Capital Management LLC grew its stake by 306.4% in the same period, owning 7,920 shares valued at $481,000 after a purchase of 5,971 shares.

Performance of iShares Core S&P Mid-Cap ETF

The shares of the iShares Core S&P Mid-Cap ETF were trading at $63.91 as of the previous Friday. The ETF has fluctuated between a low of $46.30 and a high of $64.08 over the past year. With a total market capitalization of $89.47 billion, the ETF has a price-to-earnings ratio of 3.28 and a beta of 1.09, indicating its volatility compared to the market. The stock has seen its fifty-day simple moving average at $61.36, while the 200-day moving average stands at $59.83.

About iShares Core S&P Mid-Cap ETF

The iShares S&P Midcap 400 Index Fund, commonly known as the iShares Core S&P Mid-Cap ETF, aims to deliver investment results that correspond with the price and yield performance of mid-cap stocks in the United States, represented by the Standard & Poor’s MidCap 400 Index.

investment, ETF, stocks