iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) Sees Large Volume Increase – Still a Buy?

Shares of iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) saw unusually-high trading volume on Monday . Approximately 360,494 shares traded hands during 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 Performance

The company has a market capitalization of $10.19 billion, a P/E ratio of 18.52 and a beta of 1.08. The firm’s fifty day moving average is $94.39 and its 200 day moving average is $92.40.

Hedge Funds Weigh In On iShares S&P Mid-Cap 400 Growth ETF

Several hedge funds have recently added to or reduced their stakes in the company. Hickory Point Bank & Trust purchased a new stake in iShares S&P Mid-Cap 400 Growth ETF in the 4th quarter valued at about $653,000. Jacobi Capital Management LLC purchased a new stake in iShares S&P Mid-Cap 400 Growth ETF in the 4th quarter valued at about $437,000. Noble Wealth Management PBC purchased a new stake in iShares S&P Mid-Cap 400 Growth ETF in the 4th quarter valued at about $158,000. Private Trust Co. NA boosted its position in iShares S&P Mid-Cap 400 Growth ETF by 17.0% in the 4th quarter. Private Trust Co. NA now owns 14,311 shares of the company’s stock valued at $1,301,000 after buying an additional 2,084 shares during the period. Finally, Parkside Financial Bank & Trust boosted its position in iShares S&P Mid-Cap 400 Growth ETF by 5.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,653 shares of the company’s stock valued at $332,000 after buying an additional 200 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.