FSM Wealth Advisors LLC has significantly increased its investment in the iShares Core S&P Mid-Cap ETF, raising its holdings by 13.4% during the third quarter of 2023. According to its recent 13F filing with the Securities and Exchange Commission (SEC), the firm now holds 329,711 shares of the ETF after acquiring an additional 38,888 shares during the period. This investment now represents approximately 3.0% of FSM Wealth Advisors LLC’s total portfolio, positioning the iShares Core S&P Mid-Cap ETF as the firm’s 8th largest holding.
At the end of the most recent quarter, the value of FSM Wealth Advisors LLC’s holdings in the iShares Core S&P Mid-Cap ETF stood at $21,517,000. This strategic move reflects a growing interest among institutional investors in mid-cap investments, particularly as market dynamics shift.
Several other institutional investors have also made moves in the iShares Core S&P Mid-Cap ETF recently. For instance, Capital A Wealth Management LLC established a new position in the ETF during the second quarter, valued at approximately $25,000. In the same quarter, North Capital Inc. increased its stake in the ETF by an impressive 133.1%, acquiring 571 shares valued at $37,000 after purchasing 326 additional shares.
Other notable transactions include PMV Capital Advisers LLC, which purchased a new position worth $38,000, and Banque Transatlantique SA, which also took a new position valued at $35,000 earlier in the year. Vermillion Wealth Management Inc. raised its position by 324.2% during the second quarter, now holding 649 shares valued at $40,000.
Overall, institutional investors and hedge funds collectively own 14.60% of the iShares Core S&P Mid-Cap ETF, indicating a robust interest in this investment vehicle.
The iShares Core S&P Mid-Cap ETF opened trading on Friday at $67.33. The ETF has experienced a 1-year low of $50.15 and a 1-year high of $68.22. Its 50-day moving average price is $65.61, while the 200-day moving average sits at $64.49. The ETF boasts a market capitalization of $103.32 billion, a price-to-earnings ratio of 19.00, and a beta of 1.07, reflecting its volatility relative to the market.
The iShares Core S&P Mid-Cap ETF seeks to track the performance of the Standard & Poor’s MidCap 400 Index, which represents mid-cap U.S. equities. The fund’s objective is to provide investment results corresponding to the price and yield performance of the mid-cap sector, which includes stocks from various industries such as financial services, industrials, and information technology.
As institutional interest continues to grow, the iShares Core S&P Mid-Cap ETF remains a focal point for investors looking to capitalize on mid-cap opportunities in the evolving market landscape.
