SG Americas Securities LLC Holds $1.15 Million in iShares Core S&P Mid-Cap ETF

SG Americas Securities LLC has significantly reduced its investment in the iShares Core S&P Mid-Cap ETF (NYSEARCA:IJH) during the third quarter of the year. According to the firm’s latest filing with the Securities and Exchange Commission (SEC), it lowered its stake by an impressive 84.4%. Following this reduction, SG Americas Securities now holds 18,485 shares of the ETF, after selling off 99,654 shares.

As of the most recent filing, SG Americas Securities LLC’s remaining holdings in the iShares Core S&P Mid-Cap ETF are valued at approximately $1.15 million. This adjustment in their investment strategy reflects the company’s ongoing review and response to market conditions.

Additionally, other institutional investors have also made moves regarding their positions in the iShares Core S&P Mid-Cap ETF. Northwestern Mutual Wealth Management Co. increased its stake in the ETF by 3.3% during the second quarter, bringing its total shares owned to approximately 100,490,787, valued at around $5.88 billion after acquiring an additional 3,196,592 shares.

LPL Financial LLC has also expanded its holdings in the ETF by 4.0%, owning now 40,062,625 shares worth about $2.34 billion, following the purchase of 1,523,264 shares in the prior quarter. Furthermore, JPMorgan Chase & Co. made significant adjustments by increasing its stake in the ETF by a remarkable 407.0% in the first quarter, now holding 38,027,122 shares valued at around $2.31 billion after acquiring an additional 30,526,866 shares.

Envestnet Asset Management Inc. has raised its investment in the ETF by 83.0%, now owning 24,275,880 shares worth approximately $1.42 billion after purchasing 11,011,385 additional shares during the previous quarter. Meanwhile, Raymond James & Associates reported a 1.2% increase in its stake, now having 18,872,281 shares valued at around $1.1 billion after acquiring 216,899 more shares in the recent quarter.

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

As of the latest market update, the iShares Core S&P Mid-Cap ETF is trading at $61.96, reflecting a slight decrease of 0.5%. The ETF has posted a 12-month low of $46.30 and a high of $62.86. With a market capitalization of $86.74 billion, the ETF shows a price-to-earnings (PE) ratio of 3.28 and a beta value of 1.09, indicating a moderate correlation with the overall market.

Overview of iShares Core S&P Mid-Cap ETF

The iShares Core S&P Mid-Cap ETF primarily aims to provide investment results that mirror the performance of mid-cap U.S. stocks, as represented by the S&P MidCap 400 index. It is designed for investors looking for exposure to this specific segment of the market, which encompasses companies that are larger than small-cap stocks but smaller than large-cap stocks.

SGAmericas, investment, ETF