Summit Wealth Group LLC Co. Invests $2.68 Million in iShares S&P Mid-Cap 400 Growth ETF $IJK

Summit Wealth Group LLC Co. bought a new position in iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 27,618 shares of the company’s stock, valued at approximately $2,676,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Horizon Corp purchased a new stake in shares of iShares S&P Mid-Cap 400 Growth ETF in the 3rd quarter worth about $1,251,000. JPMorgan Chase & Co. lifted its position in shares of iShares S&P Mid-Cap 400 Growth ETF by 1.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 878,873 shares of the company’s stock worth $84,275,000 after purchasing an additional 16,657 shares during the period. Genesis Private Wealth LLC purchased a new stake in shares of iShares S&P Mid-Cap 400 Growth ETF in the 4th quarter worth about $1,514,000. Park Avenue Securities LLC purchased a new stake in shares of iShares S&P Mid-Cap 400 Growth ETF in the 3rd quarter worth about $679,000. Finally, Concurrent Investment Advisors LLC lifted its position in shares of iShares S&P Mid-Cap 400 Growth ETF by 71.2% in the 4th quarter. Concurrent Investment Advisors LLC now owns 25,861 shares of the company’s stock worth $2,505,000 after purchasing an additional 10,752 shares during the period. 67.99% of the stock is owned by hedge funds and other institutional investors.

iShares S&P Mid-Cap 400 Growth ETF Trading Down 0.8%

NYSEARCA:IJK opened at $112.03 on Wednesday. The company has a 50-day moving average price of $105.18 and a 200-day moving average price of $101.55. The stock has a market cap of $10.88 billion, a price-to-earnings ratio of 22.45 and a beta of 1.06. iShares S&P Mid-Cap 400 Growth ETF has a 12 month low of $86.20 and a 12 month high of $114.71.

About iShares S&P Mid-Cap 400 Growth ETF

iShares S&P Mid-Cap 400 Growth ETF, formerly iShares S&P MidCap 400 Growth Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P MidCap 400 Growth Index (the Index). The Index measures the performance of the mid-capitalization growth sector of the United States equity market and consists of those stocks in the S&P MidCap 400 Index exhibiting the strongest growth characteristics. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.