Guardian Asset Advisors LLC has decreased its holdings in the iShares Core S&P Mid-Cap ETF (NYSEARCA: IJH) by 2.0% during the second quarter of 2023. According to HoldingsChannel, the firm now owns 92,228 shares of the ETF after selling 1,835 shares. This reduction means the iShares Core S&P Mid-Cap ETF now represents approximately 3.3% of Guardian Asset Advisors’ investment portfolio, making it the fund’s ninth largest holding, valued at approximately $5.72 million based on its latest filing with the U.S. Securities and Exchange Commission (SEC).
Multiple institutional investors have adjusted their positions in iShares Core S&P Mid-Cap ETF recently. Notably, Embree Financial Group increased its stake by 29.7% during the same period, now holding 58,176 shares valued at $3.61 million after acquiring an additional 13,336 shares. Alley Investment Management Company LLC also raised its investment, increasing its position by 0.6% in the first quarter, resulting in a total of 128,886 shares worth $7.52 million.
Other Notable Adjustments by Investors
Greenfield Savings Bank expanded its stake in the iShares Core S&P Mid-Cap ETF by 2.8% during the second quarter, bringing its total to 86,364 shares valued at $5.36 million. Additionally, Guyasuta Investment Advisors Inc. lifted its holdings by 2.5%, now owning 10,113 shares worth $627,000 after acquiring an extra 248 shares. Clay Northam Wealth Management LLC also made a move, boosting its holdings by 7.3% in the second quarter, now owning 43,135 shares valued at $2.68 million.
These adjustments highlight the activity among institutional investors in the iShares Core S&P Mid-Cap ETF, which is part of a broader trend where institutional ownership now accounts for 14.60% of the fund’s stock.
Performance and Market Analysis
As of the latest trading session, shares of the iShares Core S&P Mid-Cap ETF opened at $65.62. The ETF’s fifty-day simple moving average stands at $65.13, while its 200-day simple moving average is $62.01. Over the past year, the stock has fluctuated, reaching a low of $50.15 and a high of $68.33. The ETF boasts a market capitalization of $100.47 billion, a price-to-earnings ratio of 19.00, and a beta of 1.12, indicating its relative volatility compared to the market.
The iShares Core S&P Mid-Cap ETF aims to mirror the performance of mid-cap stocks in the United States as represented by the S&P MidCap 400 Index. Investors looking for diverse exposure to mid-sized companies may find this ETF appealing, particularly as institutional interest remains robust.
For those interested in tracking further developments or institutional holdings in the iShares Core S&P Mid-Cap ETF, resources such as HoldingsChannel provide comprehensive data and updates on recent 13F filings and insider trades.
