FSM Wealth Advisors LLC has increased its stake in the iShares Core S&P Mid-Cap ETF by 13.4% during the third quarter of 2023. According to the latest 13F filing with the Securities and Exchange Commission (SEC), the firm now holds 329,711 shares of the ETF, having acquired an additional 38,888 shares during this period. This investment represents approximately 3.0% of FSM Wealth Advisors’ total holdings, making it the firm’s eighth largest investment.
By the end of the most recent quarter, FSM Wealth Advisors’ holdings in the iShares Core S&P Mid-Cap ETF were valued at $21,517,000. This uptick in investment reflects a broader trend among institutional investors in the ETF market. Several other firms have also adjusted their positions in the iShares Core S&P Mid-Cap ETF, highlighting increasing interest in mid-cap investments.
Capital A Wealth Management LLC established a new position in the ETF during the second quarter, valued at approximately $25,000. North Capital Inc. significantly boosted its position by 133.1% in the same quarter, and now owns 571 shares valued at $37,000. PMV Capital Advisers LLC and Banque Transatlantique SA also entered new positions in the ETF, valued at $38,000 and $35,000 respectively. Vermillion Wealth Management Inc. increased its stake by a substantial 324.2% during the second quarter and now holds 649 shares worth $40,000.
As of Friday, shares of the iShares Core S&P Mid-Cap ETF opened at $67.33. The ETF has performed well over the past year, with a low of $50.15 and a high of $68.22. Its current 50-day moving average stands at $65.61, while the 200-day moving average is 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.
The iShares Core S&P Mid-Cap ETF seeks to track the performance of the Standard & Poor’s MidCap 400 Index, which measures the performance of mid-capitalization stocks in the United States. This index includes companies across various sectors, including financial services, industrials, and information technology, making the ETF a diversified option for investors looking to enter the mid-cap market.
The recent strategic moves by FSM Wealth Advisors and other institutional investors underline a growing confidence in the mid-cap sector, reflecting its potential for growth. As more investors look to capitalize on these opportunities, the iShares Core S&P Mid-Cap ETF continues to attract attention as a viable investment choice.
