Asset Dedication LLC Reduces Stake in iShares S&P Mid-Cap 400 Growth ETF

On October 18, 2024, it was reported that Asset Dedication LLC made a notable adjustment to its portfolio by selling 791 shares of the iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK). This decision led to a 24.5% decrease in its holdings during the third quarter of the year, as indicated in its latest regulatory filing with the SEC. Following this sale, the company now holds a total of 2,431 shares of the ETF, which had an estimated value of approximately $223,000 according to the recent filing.

In addition to Asset Dedication LLC, other investment firms have also been active with the iShares S&P Mid-Cap 400 Growth ETF. In the first quarter, Indiana Trust & Investment Management CO increased its stake by 12.0%, acquiring an additional 117 shares, bringing its total to 1,089 shares valued at $99,000. Similarly, CRA Financial Services LLC raised its position by 2.5% during the same period, now owning 5,840 shares valued at $533,000 after purchasing an extra 140 shares.

Country Club Bank also made adjustments to its holdings, boosting its investment by 1.1% in the second quarter, thereby managing 12,963 shares valued at around $1,143,000, after buying 146 shares. Moreover, Dumont & Blake Investment Advisors LLC marginally increased its position by 0.5% in the first quarter and now holds 31,587 shares worth about $2,882,000 following the acquisition of 151 additional shares. Lastly, Mattern Wealth Management LLC enjoyed a 2.6% growth in its holdings during the first quarter, reaching a total of 5,988 shares valued at $546,000 after securing an additional 153 shares.

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

The iShares S&P Mid-Cap 400 Growth ETF's stock performance remains noteworthy, opening at $93.91 on the latest trading day. Over the past year, the ETF reached a low of $67.63 and a peak of $94.26. The stock's 50-day moving average is listed at $90.24, while the 200-day moving average stands at $89.20. This ETF enjoys a market capitalization of about $10.09 billion, with a current price-to-earnings ratio of 18.52 and a beta value of 1.08, indicating its volatility compared to the broader market.

Understanding iShares S&P Mid-Cap 400 Growth ETF

The iShares S&P Mid-Cap 400 Growth ETF, which was previously known as the iShares S&P MidCap 400 Growth Index Fund, aims to mirror the price and yield performance of the S&P MidCap 400 Growth Index. This index specifically targets the mid-capitalization growth sector of the U.S. equity market, comprising stocks that showcase the strongest growth characteristics from the broader S&P MidCap 400 Index.

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Investment, ETF, Market