FSM Wealth Advisors LLC has significantly increased its investment in the iShares Core S&P Mid-Cap ETF (NYSEARCA: IJH) by 13.4% during the third quarter of 2023. According to data from Holdings Channel, the firm now holds 329,711 shares after acquiring an additional 38,888 shares in this period. This investment now comprises 3.0% of FSM Wealth Advisors’ portfolio, ranking it as the firm’s eighth largest position, valued at approximately $21,517,000.
Several other institutional investors have also adjusted their holdings in the iShares Core S&P Mid-Cap ETF. For instance, Apella Capital LLC expanded its stake by 30.3%, now owning 327,930 shares worth around $21,099,000 after purchasing an additional 76,169 shares during the same quarter. Furthermore, Valley Forge Investment Consultants Inc. ADV increased its holdings by 7.9%, bringing its total to 340,214 shares, valued at $22,202,000 after acquiring an additional 25,005 shares.
Another notable increase comes from Apollon Financial LLC, which raised its investment by an impressive 87.7%. The firm now owns 215,752 shares valued at $14,080,000 following a purchase of 100,804 shares. Additionally, Apollon Wealth Management LLC increased its stake by 5.2%, owning 770,299 shares worth $50,270,000 after acquiring another 38,166 shares. Lastly, 180 Wealth Advisors LLC also lifted its position by 5.2%, now holding 9,231 shares valued at $602,000.
As of the latest trading session, the iShares Core S&P Mid-Cap ETF shares opened at $67.33. The ETF has a market capitalization of $103.32 billion, a price-to-earnings (P/E) ratio of 19.00, and a beta of 1.07. Over the past year, the ETF has seen a low of $50.15 and a high of $68.22.
The iShares Core S&P Mid-Cap ETF aims to reflect the performance of mid-cap stocks in the United States, specifically tracking the Standard & Poor’s MidCap 400 index. This index includes a diverse array of companies from various sectors, including financial services, industrials, and information technology.
For those interested in the movements of this ETF and related investments, Holdings Channel provides updates on the latest 13F filings and insider trades for the iShares Core S&P Mid-Cap ETF.
