Cape ANN Savings Bank has reduced its stake in the iShares Core S&P Mid-Cap ETF (NYSEARCA: IJH) by 3.1% during the first quarter of 2023. According to the bank’s most recent Form 13F filing with the U.S. Securities and Exchange Commission, the bank now holds 264,467 shares of the ETF after selling 8,466 shares during this period. This adjustment positions the ETF as the bank’s second largest holding, accounting for approximately 9.7% of its overall investment portfolio.
As of the latest SEC filing, Cape ANN Savings Bank’s investment in the iShares Core S&P Mid-Cap ETF is valued at approximately $15.4 million. This move reflects a broader trend among institutional investors, many of whom are actively adjusting their positions in this fund.
Several other investment firms have also recently taken steps to either enter or modify their holdings in the iShares Core S&P Mid-Cap ETF. For instance, Minot DeBlois Advisors LLC established a new position in the ETF during the fourth quarter, valued at about $27,000. Similarly, during the first quarter, MorganRosel Wealth Management LLC acquired shares valued at approximately $29,000, while American Capital Advisory LLC added a position worth around $33,000. Additionally, Wayfinding Financial LLC and Barnes Dennig Private Wealth Management LLC secured new stakes valued at $37,000 and $42,000, respectively.
Currently, institutional investors hold 14.6% of the iShares Core S&P Mid-Cap ETF, indicating a significant interest from large financial entities.
Market Performance Overview
On Wednesday, shares of the iShares Core S&P Mid-Cap ETF opened at $64.98. The ETF has a market capitalization of approximately $99.6 billion, a price-to-earnings ratio of 19.00, and a beta of 1.12. Its fifty-day simple moving average stands at $63.12, while the two-hundred-day moving average is at $60.52. Over the past year, the ETF has fluctuated between a fifty-two week low of $50.15 and a high of $68.33.
The iShares Core S&P Mid-Cap ETF aims to mirror the price and yield performance of mid-cap stocks in the United States, as represented by the Standard & Poor’s MidCap 400 Index. This fund offers investors a diversified exposure to mid-sized companies, which are often seen as a barometer for economic health.
For those interested in tracking institutional holdings in the iShares Core S&P Mid-Cap ETF, resources like HoldingsChannel.com provide up-to-date information on recent 13F filings and insider trades.
With Cape ANN Savings Bank’s recent adjustments and the ongoing interest from multiple institutional investors, the iShares Core S&P Mid-Cap ETF continues to be a focal point in the investment landscape.
