Kathmere Capital Management LLC has significantly increased its investment in the iShares Core S&P Mid-Cap ETF (NYSEARCA: IJH), boosting its stake by an impressive 70.5% during the first quarter of the year. According to a recent filing with the Securities & Exchange Commission, the firm now owns 32,602 shares of the ETF after acquiring an additional 13,486 shares. As of the end of the quarter, the value of Kathmere’s holdings in the ETF stood at approximately $1,902,000.
Other institutional investors have also adjusted their positions in the iShares Core S&P Mid-Cap ETF. Alley Investment Management Company LLC increased its holdings by 0.6%, bringing its total to 128,886 shares, valued at $7,520,000 after purchasing an additional 818 shares. Likewise, Mmbg Investment Advisors CO raised its stake by 132.0%, now owning 24,570 shares worth $1,434,000 following an acquisition of 13,980 shares.
Additionally, Ensign Peak Advisors Inc expanded its holdings by 26.3% during the fourth quarter, now controlling 1,415,121 shares valued at $88,176,000 after adding 294,848 shares. Corundum Group Inc. and Bay Capital Advisors LLC also made notable adjustments, increasing their holdings by 2.6% and 22.2% respectively.
As a result of these moves, institutional investors and hedge funds collectively own 14.60% of the iShares Core S&P Mid-Cap ETF.
Current Market Performance
On the trading front, shares of the iShares Core S&P Mid-Cap ETF opened at $63.44 on the most recent market day, reflecting a 0.9% decrease. The ETF has experienced a 1-year low of $50.15 and a 1-year high of $68.33. The fund boasts a market capitalization of $97.20 billion, a price-to-earnings ratio of 19.00, and a beta of 1.12. Its fifty-day simple moving average is $61.06, while the 200-day simple moving average stands at $60.59.
About iShares Core S&P Mid-Cap ETF
The iShares Core S&P Mid-Cap ETF, previously known as the iShares S&P Midcap 400 Index Fund, aims to mirror the price and yield performance of mid-cap stocks in the United States, as represented by the Standard & Poor’s MidCap 400 Index. This ETF provides investors with a diversified approach to accessing mid-cap companies across various sectors.
Investors interested in additional insights into hedge fund activities regarding the iShares Core S&P Mid-Cap ETF can visit HoldingsChannel.com for the latest 13F filings and insider trades. For daily updates and analyst ratings related to the ETF and similar companies, MarketBeat.com offers a free email newsletter.
