Claro Advisors LLC Reduces Its Stake in iShares Core S&P Mid-Cap ETF

On October 20, 2024, it was reported that Claro Advisors LLC has significantly reduced its holdings in the iShares Core S&P Mid-Cap ETF (NYSEARCA: IJH). This decision was noted in the firm's latest filing with the Securities and Exchange Commission. Specifically, Claro Advisors LLC lowered its stake by an impressive 84.4% in the third quarter, which resulted in the firm owning 7,415 shares after selling off 40,171 shares during this time frame. As of the end of that quarter, the total value of Claro Advisors LLC's investment in the iShares Core S&P Mid-Cap ETF was estimated at approximately $462,000.

Other investment firms have also made notable adjustments to their positions in IJH. For instance, Fisher Asset Management LLC boosted its stake by 62.5% during the fourth quarter, bringing its total holdings to 3,716 shares, which are now valued at $1,030,000 following the acquisition of an additional 1,429 shares. Similarly, RFG Advisory LLC increased its holdings by a staggering 438.8% during the first quarter, resulting in ownership of 27,601 shares valued at $1,676,000 after purchasing 22,478 more shares.

International Assets Investment Management LLC also made significant increases, raising its stake in iShares Core S&P Mid-Cap ETF by 403.4% during the first quarter. The firm now owns 30,915 shares, valued at $1,866,000, after adding 24,774 shares. Salem Investment Counselors Inc. and Radnor Capital Management LLC also enhanced their positions significantly during the same period, with increases of 392.6% and 306.4%, respectively, indicating robust interest from various investment groups in this ETF.

Current Performance and Metrics of iShares Core S&P Mid-Cap ETF

The iShares Core S&P Mid-Cap ETF recently opened trading at $63.91. Throughout the last year, the stock reached a low of $46.30 and a high of $64.08. The ETF currently boasts a market capitalization of $89.47 billion, a price-to-earnings ratio of 3.28, and a beta value of 1.09, indicating a level of volatility. Furthermore, the 50-day simple moving average stands at $61.36, while the 200-day simple moving average is noted at $59.83, providing useful indicators of the fund's performance over time.

Overview of iShares Core S&P Mid-Cap ETF

The iShares Core S&P Mid-Cap ETF, formerly known as the iShares S&P Midcap 400 Index Fund, aims to deliver investment performance that closely corresponds to the price and yield performance of mid-cap stocks in the United States, specifically the Standard & Poor’s MidCap 400 Index. This fund serves as a popular choice for investors seeking exposure to mid-sized companies in the U.S. market.

Claro, Advisors, IJH