Mechanics Bank Trust Department Decreases Stock Holdings in iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK)

Mechanics Bank Trust Department cut its stake in iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) by 0.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 81,806 shares of the company’s stock after selling 220 shares during the period. iShares S&P Mid-Cap 400 Growth ETF makes up about 1.0% of Mechanics Bank Trust Department’s holdings, making the stock its 29th largest holding. Mechanics Bank Trust Department owned approximately 0.08% of iShares S&P Mid-Cap 400 Growth ETF worth $6,135,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in IJK. Clearstead Trust LLC purchased a new position in iShares S&P Mid-Cap 400 Growth ETF during the first quarter worth about $26,000. Mogy Joel R Investment Counsel Inc. acquired a new position in iShares S&P Mid-Cap 400 Growth ETF in the first quarter valued at about $28,000. Trustcore Financial Services LLC purchased a new position in iShares S&P Mid-Cap 400 Growth ETF during the fourth quarter worth about $29,000. Milestone Investment Advisors LLC acquired a new stake in shares of iShares S&P Mid-Cap 400 Growth ETF during the fourth quarter valued at about $42,000. Finally, Thompson Investment Management Inc. acquired a new position in shares of iShares S&P Mid-Cap 400 Growth ETF in the 1st quarter worth approximately $47,000.

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

iShares S&P Mid-Cap 400 Growth ETF stock opened at $74.22 on Friday. The company has a market capitalization of $7.86 billion, a PE ratio of 15.73 and a beta of 1.08. iShares S&P Mid-Cap 400 Growth ETF has a fifty-two week low of $62.01 and a fifty-two week high of $78.28. The firm has a 50 day moving average price of $76.03 and a 200 day moving average price of $72.96.

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.