Exchange Capital Management Inc. Reduces Position in iShares Core S&P Mid-Cap ETF $IJH

Exchange Capital Management Inc. decreased its stake in shares of iShares Core S&P Mid-Cap ETF (NYSEARCA:IJH) by 6.9% during the second quarter, HoldingsChannel reports. The firm owned 87,859 shares of the company’s stock after selling 6,549 shares during the quarter. Exchange Capital Management Inc.’s holdings in iShares Core S&P Mid-Cap ETF were worth $5,449,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. River Street Advisors LLC grew its holdings in shares of iShares Core S&P Mid-Cap ETF by 4.3% during the second quarter. River Street Advisors LLC now owns 221,937 shares of the company’s stock valued at $13,765,000 after buying an additional 9,099 shares during the last quarter. Abacus Planning Group Inc. purchased a new position in shares of iShares Core S&P Mid-Cap ETF during the 2nd quarter valued at approximately $927,000. Hilltop National Bank acquired a new position in shares of iShares Core S&P Mid-Cap ETF in the 2nd quarter valued at $5,014,000. F&V Capital Management LLC purchased a new stake in iShares Core S&P Mid-Cap ETF during the second quarter worth $208,000. Finally, Jmac Enterprises LLC boosted its holdings in iShares Core S&P Mid-Cap ETF by 50.8% during the second quarter. Jmac Enterprises LLC now owns 135,195 shares of the company’s stock worth $8,385,000 after buying an additional 45,552 shares in the last quarter. Hedge funds and other institutional investors own 14.60% of the company’s stock.

iShares Core S&P Mid-Cap ETF Stock Performance

IJH opened at $65.57 on Friday. The company has a fifty day moving average of $64.61 and a two-hundred day moving average of $61.29. The stock has a market capitalization of $100.51 billion, a price-to-earnings ratio of 19.00 and a beta of 1.12. iShares Core S&P Mid-Cap ETF has a fifty-two week low of $50.15 and a fifty-two week high of $68.33.

iShares Core S&P Mid-Cap ETF Profile

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).