iShares Core S&P Mid-Cap ETF (NYSEARCA:IJH) Reaches New 1-Year High – Should You Buy?

Shares of iShares Core S&P Mid-Cap ETF (NYSEARCA:IJH) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $77.01 and last traded at $76.70, with a volume of 1422658 shares. The stock had previously closed at $75.76.

iShares Core S&P Mid-Cap ETF Trading Up 0.8%

The company has a 50-day simple moving average of $73.82 and a 200 day simple moving average of $70.59. The company has a market cap of $121.29 billion, a P/E ratio of 19.00 and a beta of 1.01.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Networth Advisors LLC bought a new position in iShares Core S&P Mid-Cap ETF in the 4th quarter worth about $28,000. Maryland Capital Advisors Inc. boosted its holdings in shares of iShares Core S&P Mid-Cap ETF by 240.7% in the fourth quarter. Maryland Capital Advisors Inc. now owns 552 shares of the company’s stock valued at $36,000 after purchasing an additional 390 shares during the period. Timmons Wealth Management LLC purchased a new stake in shares of iShares Core S&P Mid-Cap ETF in the fourth quarter valued at approximately $37,000. Garner Asset Management Corp bought a new position in iShares Core S&P Mid-Cap ETF in the fourth quarter worth approximately $39,000. Finally, Garton & Associates Financial Advisors LLC bought a new position in iShares Core S&P Mid-Cap ETF in the fourth quarter worth approximately $40,000. 14.60% of the stock is currently owned by institutional investors.

About iShares Core S&P Mid-Cap ETF

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). The Underlying Index measures the performance of the mid-capitalization sector of the United States equity market. The Underlying Index consists of stocks from a range of industries. Components include financial, industrials, and information technology companies.