iShares Core S&P Mid-Cap ETF (NYSEARCA:IJH) Hits New 52-Week High – Still a Buy?

iShares Core S&P Mid-Cap ETF (NYSEARCA:IJH)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $65.73 and last traded at $65.31, with a volume of 806286 shares changing hands. The stock had previously closed at $63.10.

iShares Core S&P Mid-Cap ETF Trading Up 4.1 %

The firm has a market capitalization of $91.99 billion, a price-to-earnings ratio of 3.28 and a beta of 1.09. The firm has a fifty day moving average price of $61.87 and a 200 day moving average price of $60.20.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of IJH. Northwestern Mutual Wealth Management Co. increased its position in iShares Core S&P Mid-Cap ETF by 3.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 100,490,787 shares of the company’s stock worth $5,880,889,000 after purchasing an additional 3,196,592 shares during the period. LPL Financial LLC raised its stake in shares of iShares Core S&P Mid-Cap ETF by 4.0% during the second quarter. LPL Financial LLC now owns 40,062,625 shares of the company’s stock worth $2,344,465,000 after buying an additional 1,523,264 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in iShares Core S&P Mid-Cap ETF by 407.0% in the first quarter. JPMorgan Chase & Co. now owns 38,027,122 shares of the company’s stock valued at $2,309,767,000 after acquiring an additional 30,526,866 shares during the last quarter. Raymond James & Associates grew its holdings in iShares Core S&P Mid-Cap ETF by 45.7% during the 3rd quarter. Raymond James & Associates now owns 27,500,341 shares of the company’s stock worth $1,713,821,000 after acquiring an additional 8,628,060 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of iShares Core S&P Mid-Cap ETF by 83.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 24,275,880 shares of the company’s stock valued at $1,420,625,000 after acquiring an additional 11,011,385 shares during the last quarter.

About iShares Core S&P Mid-Cap ETF

Ishares S&P Midcap 400 Index Fund, formerly The iShares Core S&P Mid-Cap ETF (the Fund), seeks investment results that correspond to the price and yield performance, before fees and expenses, of the United States mid-cap stocks, as represented by the Standard & Poor’s MidCap 400 (the Underlying Index).