Meridian Financial LLC Boosts Holdings in iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK)

Meridian Financial LLC grew its holdings in iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) by 3.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,869 shares of the company’s stock after purchasing an additional 223 shares during the quarter. Meridian Financial LLC’s holdings in iShares S&P Mid-Cap 400 Growth ETF were worth $489,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sandy Spring Bank boosted its stake in shares of iShares S&P Mid-Cap 400 Growth ETF by 50.7% in the fourth quarter. Sandy Spring Bank now owns 168,479 shares of the company’s stock valued at $15,320,000 after purchasing an additional 56,679 shares during the period. Runnymede Capital Advisors Inc. purchased a new position in shares of iShares S&P Mid-Cap 400 Growth ETF in the fourth quarter valued at approximately $42,000. Bay Capital Advisors LLC purchased a new position in shares of iShares S&P Mid-Cap 400 Growth ETF in the fourth quarter valued at approximately $348,000. Teachers Insurance & Annuity Association of America boosted its stake in shares of iShares S&P Mid-Cap 400 Growth ETF by 46.5% in the fourth quarter. Teachers Insurance & Annuity Association of America now owns 18,670 shares of the company’s stock valued at $1,698,000 after purchasing an additional 5,930 shares during the period. Finally, LPL Financial LLC boosted its stake in shares of iShares S&P Mid-Cap 400 Growth ETF by 8.1% in the fourth quarter. LPL Financial LLC now owns 1,361,626 shares of the company’s stock valued at $123,813,000 after purchasing an additional 102,431 shares during the period. Hedge funds and other institutional investors own 67.99% of the company’s stock.

iShares S&P Mid-Cap 400 Growth ETF Stock Performance

NYSEARCA IJK opened at $90.86 on Friday. The firm has a 50 day simple moving average of $87.28 and a 200-day simple moving average of $88.24. The firm has a market cap of $8.84 billion, a price-to-earnings ratio of 19.96 and a beta of 1.08. iShares S&P Mid-Cap 400 Growth ETF has a one year low of $71.69 and a one year high of $100.01.

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.