SG Americas Securities LLC Cuts Stake in iShares Core S&P Mid-Cap ETF

SG Americas Securities LLC has significantly reduced its investment in the iShares Core S&P Mid-Cap ETF (NYSEARCA:IJH) by 84.4% in the third quarter, as revealed in its recent filing with the SEC. The firm now holds 18,485 shares of this ETF after offloading 99,654 shares during the quarter. According to the filing, SG Americas Securities' ownership in the iShares Core S&P Mid-Cap ETF is valued at approximately $1,152,000.

In addition to SG Americas, several other major investors have also made changes to their positions in the iShares Core S&P Mid-Cap ETF. Notably, Northwestern Mutual Wealth Management Co. increased its stake by 3.3% in the second quarter, holding a total of 100,490,787 shares worth $5,880,889,000 after acquiring an extra 3,196,592 shares. Meanwhile, LPL Financial LLC raised its investment by 4.0%, now owning 40,062,625 shares valued at $2,344,465,000 following an addition of 1,523,264 shares.

JPMorgan Chase & Co. also significantly increased its investment, with a massive 407.0% rise in its position during the first quarter. The firm now holds 38,027,122 shares valued at $2,309,767,000 after purchasing an impressive 30,526,866 shares. Similarly, Envestnet Asset Management Inc. lifted its stake by 83.0% in the second quarter, owning 24,275,880 shares worth $1,420,625,000 after adding 11,011,385 shares.

Lastly, Raymond James & Associates enhanced its holdings in the iShares Core S&P Mid-Cap ETF by 1.2%, currently possessing 18,872,281 shares valued at $1,104,406,000 after adding 216,899 shares.

Current Performance of iShares Core S&P Mid-Cap ETF

As of the latest trading session, shares of IJH opened at $61.96. The iShares Core S&P Mid-Cap ETF has seen a 12-month low of $46.30 and a high of $62.86. Its 50-day moving average stands at $60.69, while the 200-day moving average is $59.68. The ETF has a market capitalization of $86.74 billion, a PE ratio of 3.28, and a beta of 1.09, indicating a relatively stable performance overall.

About iShares Core S&P Mid-Cap ETF

The iShares Core S&P Mid-Cap ETF aims to track the price and yield performance of mid-cap U.S. stocks, as indicated by the Standard & Poor’s MidCap 400 Index. It is designed to provide investors exposure to mid-sized companies, which are often seen as a key driver of economic growth in the U.S.

Recent Investment Trends

The recent adjustments by these large investors highlight a dynamic investment environment surrounding mid-cap stocks, particularly through ETFs like the iShares Core S&P Mid-Cap ETF. Investors are constantly analyzing market conditions to optimize their portfolios, especially in an ever-changing economic landscape.

SGAmericas, Investors, IJH