Everpar Advisors LLC has increased its investment in the iShares Core S&P Mid-Cap ETF by 15.9% during the third quarter of 2023. According to the company’s latest Form 13F filing with the U.S. Securities and Exchange Commission (SEC), Everpar Advisors now owns 60,428 shares, having acquired an additional 8,295 shares during this period. This investment represents approximately 1.6% of its overall portfolio, ranking as the firm’s 13th largest holding.
At the close of the recent quarter, Everpar’s holdings in the ETF were valued at about $3.94 million. The ETF itself has shown a strong performance, opening at $67.33 on Friday, with a one-year low of $50.15 and a high of $68.22, reflecting its robust market capitalization of $103.32 billion.
In addition to Everpar’s increased stake, several other institutional investors have also adjusted their positions in the iShares Core S&P Mid-Cap ETF. For instance, Seneca House Advisors raised its stake by 1.3%, now owning 11,931 shares valued at $779,000 after acquiring 158 additional shares last quarter. Meanwhile, Next Level Private LLC boosted its holdings by 1.2%, bringing its total to 13,725 shares worth $851,000.
Another notable adjustment was made by Freestone Capital Holdings LLC, which increased its position by 1.1%, resulting in ownership of 14,950 shares, valued at $927,000. Mitchell Mcleod Pugh & Williams Inc. also expanded its stake by 2.9%, now holding 5,890 shares worth $365,000 after buying 165 shares in the last quarter. Furthermore, John W. Brooker & Co. CPAs increased its holdings by 3.5%, now owning 4,836 shares valued at $316,000.
Overall, institutional investors control approximately 14.60% of the iShares Core S&P Mid-Cap ETF.
Fund Performance and Profile
The iShares Core S&P Mid-Cap ETF aims to mirror the price and yield performance of mid-cap stocks in the United States, as represented by the Standard & Poor’s MidCap 400 index. This index measures the performance of mid-capitalization companies across various industries, including finance, industrials, and information technology.
With a price-to-earnings (P/E) ratio of 19.00 and a beta of 1.07, the ETF demonstrates a balance of moderate risk and potential return. Its 50-day and 200-day simple moving averages stand at $65.61 and $64.49, respectively, indicating a stable performance trend.
As investment firms like Everpar Advisors continue to adjust their portfolios, the iShares Core S&P Mid-Cap ETF remains a significant player in the mid-cap equity market, reflecting broader economic trends and investor sentiment.
