Asset Dedication LLC Sells Shares of iShares S&P Mid-Cap 400 Growth ETF

On October 18, 2024, it was reported that Asset Dedication LLC has reduced its stake in the iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) by 24.5% during the third quarter. The firm sold 791 shares of the ETF, leaving it with a total of 2,431 shares. As stated in their recent filing with the SEC, the value of Asset Dedication LLC's holdings in this ETF stands at approximately $223,000.

In addition to Asset Dedication LLC, several other investment firms have been active in the market concerning iShares S&P Mid-Cap 400 Growth ETF. For instance, Indiana Trust & Investment Management CO raised its investment by 12.0% in the first quarter, acquiring an additional 117 shares, bringing its total holdings to 1,089 shares valued at $99,000. Meanwhile, CRA Financial Services LLC increased its stake by 2.5% during the same quarter, now owning 5,840 shares worth around $533,000 after buying an extra 140 shares.

Likewise, Country Club Bank grew its position by 1.1% in the second quarter, now holding a total of 12,963 shares valued at $1,143,000 after purchasing 146 shares. Similarly, Dumont & Blake Investment Advisors LLC boosted its holdings by 0.5%, owning 31,587 shares worth $2,882,000 after buying 151 more shares in the first quarter. Mattern Wealth Management LLC also increased its shares by 2.6%, bringing its total to 5,988 shares valued at about $546,000 following an acquisition of 153 shares.

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

The iShares S&P Mid-Cap 400 Growth ETF was trading at $93.91 on a recent Friday. Over the past year, the ETF has seen a low of $67.63 and a peak of $94.26. The 50-day moving average stands at $90.24, while the 200-day moving average is $89.20. This ETF has a market capitalization of $10.09 billion, a price-to-earnings ratio of 18.52, and a beta value of 1.08, indicating its volatility compared to the broader market.

About iShares S&P Mid-Cap 400 Growth ETF

The iShares S&P Mid-Cap 400 Growth ETF, previously known as the iShares S&P MidCap 400 Growth Index Fund, is an exchange-traded fund (ETF) that aims to match the price and yield performance of the S&P MidCap 400 Growth Index. This index represents the mid-cap growth segment of the U.S. equity market, consisting of stocks exhibiting strong growth characteristics among those included in the S&P MidCap 400 Index.

In conclusion, the recent activity from Asset Dedication LLC and other institutions signals a shifting landscape in investments related to the iShares S&P Mid-Cap 400 Growth ETF. Investors should keep an eye on how these trends may impact the ETF's performance moving forward.

investments, ETFs, IJK