Creative Financial Designs Inc. ADV has enhanced its investment position in the iShares Core S&P Mid-Cap ETF (NYSEARCA: IJH) by 4.4% during the second quarter of 2023. According to the company’s recent Form 13F filing with the Securities and Exchange Commission (SEC), the firm now holds 102,976 shares after acquiring an additional 4,336 shares in the quarter. The value of Creative Financial Designs Inc. ADV’s holdings in the ETF reached approximately $6,387,000 at the conclusion of the reporting period.
Several other hedge funds have also made moves regarding their stakes in the iShares Core S&P Mid-Cap ETF recently. In the first quarter, Banque Transatlantique SA purchased a new stake valued at $35,000, while Wayfinding Financial LLC made a similar investment worth $37,000. Additionally, PMV Capital Advisers LLC acquired shares valued at about $38,000 during the second quarter.
Remarkably, Vermillion Wealth Management Inc. increased its position in the ETF by an impressive 324.2% in the second quarter, now owning 649 shares worth approximately $40,000 after acquiring an additional 496 shares. Furthermore, von Borstel & Associates Inc. invested about $49,000 in the first quarter. Overall, hedge funds and other institutional investors currently hold 14.60% of the ETF’s shares.
Current Market Performance of iShares Core S&P Mid-Cap ETF
As of the latest trading session, shares of the iShares Core S&P Mid-Cap ETF opened at $64.53. The ETF has a 50-day simple moving average of $65.32 and a 200-day simple moving average of $62.48. With a market capitalization of $99.04 billion, the ETF features a price-to-earnings ratio of 19.00 and a beta value of 1.07. Over the past year, the ETF has experienced fluctuations, recording a 52-week low of $50.15 and a 52-week high of $68.33.
Understanding the iShares Core S&P Mid-Cap ETF
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 ETF is designed for investors seeking exposure to the mid-cap segment of the U.S. equity market while minimizing management fees and expenses.
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