Armor Investment Advisors LLC has significantly reduced its investment in the iShares Core S&P Mid-Cap ETF (NYSEARCA: IJH), selling 130,230 shares during the third quarter of 2023. According to the firm’s latest Form 13F filing with the U.S. Securities and Exchange Commission (SEC), this reduction represents a 58.0% decrease in its holdings. Following this sale, Armor Investment Advisors now owns 94,355 shares of the ETF, which constitutes 2.0% of its total portfolio, making it the firm’s 13th largest holding.
As of the most recent filing, the value of Armor Investment Advisors’ holdings in the iShares Core S&P Mid-Cap ETF is approximately $6,158,000. The firm is not alone in its trading activity; several other institutional investors have also adjusted their positions in the ETF. For instance, Capital A Wealth Management LLC purchased a new position in the second quarter, valued at around $25,000, while Davis Capital Management acquired shares in the third quarter, valued at approximately $30,000.
Additionally, Banque Transatlantique SA took a new position in the ETF during the first quarter, worth about $35,000. North Capital Inc. increased its stake by 133.1%, now owning 571 shares valued at $37,000 after buying an extra 326 shares last quarter. Lastly, PMV Capital Advisers LLC entered the market with a new stake worth approximately $38,000. In total, institutional investors and hedge funds hold 14.60% of the ETF’s shares.
Market Performance of iShares Core S&P Mid-Cap ETF
As of the last trading session, shares of the iShares Core S&P Mid-Cap ETF opened at $66.91. The ETF has shown a 52-week low of $50.15 and a 52-week high of $68.22. The stock’s performance is reflected in its moving averages, with a fifty-day moving average at $65.72 and a two-hundred-day moving average at $64.69. The ETF currently boasts a market capitalization of $102.68 billion, a price-to-earnings (P/E) ratio of 19.00, and a beta of 1.07, indicating a relatively stable investment with moderate volatility compared to the broader market.
Understanding the iShares Core S&P Mid-Cap ETF
The iShares Core S&P Mid-Cap ETF aims to replicate the performance of the Standard & Poor’s MidCap 400 Index, which tracks mid-capitalization stocks in the United States. This index includes a diverse range of industries, providing investors with exposure to sectors such as financial services, industrials, and information technology. The fund’s objective is to deliver investment results that correspond to the performance of mid-cap U.S. equities before fees and expenses.
As the market continues to evolve, the actions of firms like Armor Investment Advisors reflect broader trends in investment strategies within the mid-cap sector. Investors are keeping a close eye on such movements, as they can signal shifts in market sentiment and sector performance. For those interested in tracking the ETF’s latest developments, resources such as HoldingsChannel.com provide ongoing updates on institutional holdings and insider trades related to the iShares Core S&P Mid-Cap ETF.