Kendall Capital Management Reduces Stake in iShares S&P MidCap 400 Growth (IJK)

Kendall Capital Management decreased its holdings in iShares S&P MidCap 400 Growth (NYSEARCA:IJK) by 86.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,481 shares of the company’s stock after selling 9,213 shares during the period. Kendall Capital Management’s holdings in iShares S&P MidCap 400 Growth were worth $345,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Edelman Financial Services LLC grew its stake in shares of iShares S&P MidCap 400 Growth by 2.0% in the 2nd quarter. Edelman Financial Services LLC now owns 498,136 shares of the company’s stock valued at $111,971,000 after buying an additional 9,914 shares in the last quarter. Cornerstone Wealth Management LLC grew its stake in shares of iShares S&P MidCap 400 Growth by 3.0% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 463,582 shares of the company’s stock valued at $2,260,000 after buying an additional 13,664 shares in the last quarter. Raymond James & Associates grew its stake in shares of iShares S&P MidCap 400 Growth by 6.0% in the 2nd quarter. Raymond James & Associates now owns 389,441 shares of the company’s stock valued at $87,538,000 after buying an additional 22,213 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares S&P MidCap 400 Growth by 2.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 313,715 shares of the company’s stock valued at $70,518,000 after buying an additional 6,252 shares in the last quarter. Finally, BB&T Corp grew its stake in shares of iShares S&P MidCap 400 Growth by 54.8% in the 3rd quarter. BB&T Corp now owns 246,092 shares of the company’s stock valued at $57,325,000 after buying an additional 87,125 shares in the last quarter.

Shares of NYSEARCA IJK opened at $204.22 on Tuesday. iShares S&P MidCap 400 Growth has a 52 week low of $201.91 and a 52 week high of $238.39.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 2nd. Investors of record on Thursday, September 27th were paid a $0.6725 dividend. This is a boost from iShares S&P MidCap 400 Growth’s previous quarterly dividend of $0.52. The ex-dividend date was Wednesday, September 26th. This represents a $2.69 annualized dividend and a dividend yield of 1.32%.

iShares S&P MidCap 400 Growth Company Profile

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.

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Institutional Ownership by Quarter for iShares S&P MidCap 400 Growth (NYSEARCA:IJK)

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