Guardian Asset Advisors LLC has reduced its holdings in the iShares Core S&P Mid-Cap ETF (NYSEARCA: IJH) by 2.0% during the second quarter of 2023. The firm now holds 92,228 shares, having sold 1,835 shares in the process. This adjustment positions the iShares Core S&P Mid-Cap ETF as approximately 3.3% of Guardian Asset Advisors LLC’s investment portfolio, making it the firm’s ninth largest holding. The value of this stake is reported to be around $5,720,000 according to the latest filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also made notable adjustments to their positions in the iShares Core S&P Mid-Cap ETF. For instance, Embree Financial Group increased its stake by an impressive 29.7% during the same quarter, bringing its total to 58,176 shares valued at $3,608,000 after acquiring an additional 13,336 shares. Alley Investment Management Company LLC and Greenfield Savings Bank also made incremental increases to their holdings, with Alley acquiring 818 shares to hold a total of 128,886 shares worth $7,520,000, and Greenfield increasing its stake by 2.8% to hold 86,364 shares valued at $5,356,000.
In addition, Guyasuta Investment Advisors Inc. raised its investment by 2.5%, securing 10,113 shares worth $627,000. Clay Northam Wealth Management LLC completed the list of significant adjustments, boosting its holdings by 7.3% to own 43,135 shares valued at $2,675,000. Overall, institutional investors and hedge funds collectively own approximately 14.60% of the iShares Core S&P Mid-Cap ETF.
Market Performance Overview
As of the most recent trading session, shares of the iShares Core S&P Mid-Cap ETF opened at $65.62. The firm has a fifty-day simple moving average of $65.13 and a 200-day moving average of $62.01. Over the past year, the stock has fluctuated between a low of $50.15 and a high of $68.33. The market capitalization of the iShares Core S&P Mid-Cap ETF stands at approximately $100.47 billion, with a price-to-earnings ratio of 19.00 and a beta of 1.12.
The iShares Core S&P Mid-Cap ETF, which tracks the performance of mid-cap stocks in the United States, continues to attract attention from investors seeking exposure to this segment of the market. The fund aims to deliver results that correspond to the price and yield performance of the Standard & Poor’s MidCap 400 Index, before fees and expenses.
For those interested in the latest updates on hedge fund activities related to the iShares Core S&P Mid-Cap ETF, further information can be found on HoldingsChannel.com, which tracks 13F filings and insider trades.
