Modern Wealth Management LLC Sells 735,749 Shares of iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK)

Modern Wealth Management LLC lessened its position in iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) by 99.6% during the fourth quarter, Holdings Channel reports. The fund owned 2,691 shares of the company’s stock after selling 735,749 shares during the period. Modern Wealth Management LLC’s holdings in iShares S&P Mid-Cap 400 Growth ETF were worth $253,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Stonebridge Financial Group LLC purchased a new stake in iShares S&P Mid-Cap 400 Growth ETF during the fourth quarter valued at about $31,000. Atala Financial Inc bought a new position in shares of iShares S&P Mid-Cap 400 Growth ETF in the fourth quarter worth approximately $31,000. Palouse Capital Management Inc. purchased a new position in shares of iShares S&P Mid-Cap 400 Growth ETF in the fourth quarter worth $33,000. Runnymede Capital Advisors Inc. bought a new stake in iShares S&P Mid-Cap 400 Growth ETF during the 4th quarter valued at $42,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new stake in iShares S&P Mid-Cap 400 Growth ETF during the 4th quarter valued at $44,000.

iShares S&P Mid-Cap 400 Growth ETF Trading Down 2.0 %

IJK stock opened at $83.17 on Friday. The stock has a market capitalization of $8.44 billion, a price-to-earnings ratio of 20.75 and a beta of 1.12. iShares S&P Mid-Cap 400 Growth ETF has a 12-month low of $81.14 and a 12-month high of $100.01. The firm’s 50-day moving average price is $89.86 and its two-hundred day moving average price is $92.15.

iShares S&P Mid-Cap 400 Growth ETF Profile

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.