Private Trust Co. NA Reduces Stake in iShares S&P Mid-Cap 400 Growth ETF

Private Trust Co. NA has decreased its holdings in the iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA: IJK) by 15.5% during the second quarter of 2023. According to a report from HoldingsChannel.com, the firm sold 1,795 shares, bringing its total to 9,809 shares. At the end of June, these shares were valued at approximately $892,000.

In addition to Private Trust Co. NA, several other institutional investors and hedge funds have recently adjusted their positions in the iShares S&P Mid-Cap 400 Growth ETF. For instance, Brighton Jones LLC increased its stake by 21.5% in the fourth quarter, now owning 7,269 shares worth close to $661,000 after acquiring an additional 1,285 shares.

Janney Montgomery Scott LLC took a new position in the ETF during the first quarter, amounting to about $3,994,000. Similarly, Sowell Financial Services LLC and Kingswood Wealth Advisors LLC made new investments in the first quarter, valued at approximately $406,000 and $268,000, respectively. Envestnet Portfolio Solutions Inc. also increased its holdings by 9.4%, now owning 55,416 shares valued at around $4.615 million after acquiring an additional 4,767 shares.

Currently, 67.99% of the iShares S&P Mid-Cap 400 Growth ETF is owned by institutional investors and hedge funds, reflecting a trend of increased investment in the fund.

Performance Overview of iShares S&P Mid-Cap 400 Growth ETF

As of the latest trading session, shares of the iShares S&P Mid-Cap 400 Growth ETF opened at $94.63. The ETF has a market capitalization of approximately $8.93 billion, with a price-to-earnings (P/E) ratio of 22.45 and a beta of 1.08, indicating a relatively stable investment in the mid-cap growth sector.

The fund’s performance has shown fluctuations over the past year, with a 12-month low of $71.69 and a high of $100.01. Its fifty-day simple moving average stands at $95.35, while the 200-day simple moving average is at $90.35.

The iShares S&P Mid-Cap 400 Growth ETF aims to mirror the performance of the S&P MidCap 400 Growth Index, which comprises stocks exhibiting strong growth characteristics within the mid-cap sector of the U.S. equity market.

Investors interested in tracking further developments related to the iShares S&P Mid-Cap 400 Growth ETF can visit HoldingsChannel.com for the latest 13F filings and insider trades.