This article first appeared on GuruFocus.
iShares Core S&P Mid-Cap ETF (IJH) extended its recent run of broad accumulation on Tuesday, adding to 397 positions while trimming just one. The fund’s ETF activity totaled $2.35 billion in gross trades and $82.7 million in net buying, against $125.44 billion in assets.
What did IJH buy on Tuesday?
Its largest buys by dollar value were GKOS ($497.6 million), FTI ($5.5 million) and UTHR ($5.4 million).
What did IJH sell on Tuesday?
Its largest sells by dollar value were OKTA ($1.13 billion).
The largest buy was a new stake in Glaukos (GKOS), 2,135,334 shares worth $497.6 million and 0.4% of the portfolio. Smaller additions went to existing top holdings TechnipFMC (FTI) at $5.5 million, United Therapeutics (UTHR) at $5.4 million, ATI (ATI) at $5.1 million and Entegris (ENTG) at $4.9 million. The sole decrease was a full exit from Okta Class A (OKTA), 5,971,716 shares sold for $1.13 billion.
How does IJH invest?
iShares Core S&P Mid-Cap ETF (IJH) is an equity fund in the Equity US Sm&Mid Cap category, holding 400 stocks with 6.7% of assets in its 10 largest holdings. Industrials account for 22.0% of classified stocks, Technology 14.8% and Financial Services 14.3%, while the cap mix is 57.3% large-cap, 42.7% mid-cap and 0.1% small-cap. It charges 0.05% and its top holdings are TechnipFMC (0.76%), United Therapeutics (0.75%), ATI (0.71%), Entegris (0.68%) and Reliance Steel & Aluminum (0.66%). The fund has a GF Score of 81, a P/E of 20.53, a P/B of 2.57, a dividend yield of 1.21% and a year-to-date return of 13.91%.
iShares Core S&P Mid-Cap ETF (IJH) at a glance
See the full iShares Core S&P Mid-Cap ETF profile, or compare it with similar funds in the ETF Screener. For the stock behind its biggest buy, see GKOS’s GF Value page and guru trades.
