Asset Dedication LLC Reduces Stake in iShares S&P Mid-Cap 400 Growth ETF

On October 18, 2024, it was reported that Asset Dedication LLC has reduced its shareholding in the iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) by 24.5% during the third quarter of the year. According to the most recent filings with the SEC, Asset Dedication LLC now holds 2,431 shares after selling 791 shares during this period. As of this filing, the value of their remaining shares in the ETF is approximately $223,000.

This decision to sell shares comes amid ongoing fluctuations in the market, as various institutional investors have also been actively trading their positions in the iShares S&P Mid-Cap 400 Growth ETF. For instance, Indiana Trust & Investment Management CO increased its ownership by 12.0% in the first quarter, which now totals 1,089 shares, worth about $99,000. Similarly, CRA Financial Services LLC raised its stake in the ETF by 2.5%, owning 5,840 shares valued at approximately $533,000 after acquiring more shares.

Also noteworthy is Country Club Bank, which lifted its holdings by 1.1%, bringing its total to 12,963 shares, valued at around $1.14 million following a purchase of 146 additional shares. Furthermore, Dumont & Blake Investment Advisors LLC and Mattern Wealth Management LLC expanded their positions in the ETF by 0.5% and 2.6%, respectively, during the same quarter.

Performance of iShares S&P Mid-Cap 400 Growth ETF

As of the most recent trading session on Friday, the iShares S&P Mid-Cap 400 Growth ETF opened at $93.91. The ETF has shown a 52-week range, with a low of $67.63 and a high of $94.26. Currently, the ETF's 50-day moving average price is $90.24, while the 200-day moving average stands at $89.20. The ETF boasts a market capitalization of approximately $10.09 billion and a price-to-earnings ratio of 18.52, with a beta of 1.08, indicating its volatility relative to the overall market.

About iShares S&P Mid-Cap 400 Growth ETF

The iShares S&P Mid-Cap 400 Growth ETF is an exchange-traded fund designed to track the performance of the S&P MidCap 400 Growth Index. This index measures the performance of the mid-capitalization growth segment of the U.S. equity market, focusing on stocks that exhibit the strongest growth characteristics in comparison to their peers.

For investors and analysts interested in further insights regarding the ETFs or its competitors, various resources are available to explore holdings and analytics.

investment, ETF, shares