NEWS BITES - ETF
iShares S&P MidCap 400 Index Fund (NYSE:IJH), the 18th largest Exchange Traded Fund by market cap in the United States, has lifted USD4.27 (or 2.4%) from its last trading session of May 29 to close at USD178.88. Compared with the Morgan Stanley Capital International USA Index [MSCI USA] which rose 37.2 points (0.5%) in the day, the relative price increase was 2.0%. The volume of 1.1 million units was close to average trading. Its MCap is USD43.4 billion.
NET ASSET VALUE release date 29 May, 2020
The Net Asset Value (NAV) of the ETF is USD177.19 and it last traded at a premium of 0.954% to NAV.
| IJH | Today | 1 Day ago | Week ago | Month ago |
| Price, USD | 178.88 | 178.88 | 164.71 | |
| NAV, USD | 177.19 | 179.77 | 169.45 | |
| Price/NAV | 1.01 | 1.0 | 0.97 | |
| MSCI USA | 8,352.05 | 8,314.81 | 8,068.97 | 7,686.0 |
THE PAST WEEK [Price down 0.9% to USD174.61; NAV down 4.6% to USD177.19]
iShares S&P MidCap 400 Index Fund NAV rises in 3 out of last 4 days.
| DAY | Comment on Price | Close price [USD] | NAV [USD] | NAV Change | Comment on NAV |
| May 29 | Drops 2.4% on high volume | 174.61 | 177.189 | -2.58 | Steepest Fall |
| May 28 | Increases, climbs 5.6% for week | 178.88 | 179.769 | 4.623 | |
| May 27 | rises for a second consecutive day, a two-day rise of 5.7% | 178.57 | 175.145 | 5.769 | Top Rise |
| May 26 | Closes at 7.7% above VWP | 176.12 | 169.376 | 0.117 |
YEAR-TO-DATE
iShares S&P MidCap 400 Index Fund tumbles 12% in 2020
iShares S&P MidCap 400 Index Fund (P:IJH), tumbled USD24.98 (or 12.3%) year-to-date (YTD) in 2020 to close at USD178.88 today. Compared with the Morgan Stanley Capital International USA Index which has fallen 4.2% YTD, this is a relative price change of -8.1%.
SECTION 1
ISHARES S&P MIDCAP 400 INDEX FUND BULLISH SIGNALS
1.1 Technicals:
Uptrend: The ETF rose 2.4% on high volatility today and expanding price range.
+ The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 172.06 minus the 26-day EMA of 166.93 is positive 5.13 suggesting a bullish signal. Both EMA prices are rising, another bullish signal.
+ Rises to Falls: in the past month the number of rises outnumbered falls 13:8 or 1.6:1.
+ The ETF's relative price strength percentile is rising at 39 for 6 months, 55 for 3 months and 82 for 1 month.
+ The present value of USD1,000 (PV1000) invested ten years ago in iShares S&P MidCap 400 Index Fund is USD2,598, for a capital gain of USD1,598.
+ 10 years Multiplier in USD = 2.598x
+ Compound Annual Growth Rate (CAGR) in USD = 10.0%
1.2 High Performance Indicators:
| Description | Value | Rank In Market |
| Today's Turnover | USD187.4 million | In Top 4% |
| % Prem to Vol Wtd Price | 7.8 | In Top Quartile |
| Price Change % | 2.4 | In Top Quartile |
| Price/MAP50 | 1.06 | In Top Quartile |
SECTION 2
ISHARES S&P MIDCAP 400 INDEX FUND BEARISH SIGNALS
2.1 Technicals:
+ In the last three months the ETF has hit a new 52-week low nine times, pointing to a significant downtrend.
2.2 Overbought/Bearish/Resistance Signals:
+ The ETF is overbought according to the Williams % R indicator of -8.5, suggesting the price is close to its 14-day high of USD181.64.
2.3 Low Performance Indicator:
| Description | Value | Rank In Market |
| Volatility % | 2.0 | In Bottom Quartile |
SECTION 3
PRICE VOLUME DYNAMICS
3.1 Technicals:
+ Volume: there were 1,052,577 units worth USD187.4 million traded today.
+ iShares S&P MidCap 400 Index Fund is at a discount of 14.7% to its 12-month high of USD209.59 on February 20. It is also at a premium of 52.7% to the 12-month low of USD117.16 on March 23.
+ The present value of USD1,000 (PV1000) invested one year ago in iShares S&P MidCap 400 Index Fund is USD1,019, comprising a capital loss of 77c and dividend reinvested of USD20. A comparison with Morgan Stanley Capital International World Index [MSCI World] and Morgan Stanley Capital International USA Index [MSCI USA] is shown below:
| PV$1000 | 1-week | 1-month | 1-year |
| IJH.P | 1,086 | 1,019 | |
| MSCI World | 1,044 | 1,049 | 1,058 |
| MSCI USA | 1,035 | 1,046 | 1,133 |
3.2 The Best 3 weeks in the past quarter [Relative Price Change or RPC]
| Mon-Fri | Change % | MSCI USA Change % | RPC % | Vol Ind [1 is avg] |
| May 18-22 | 7.3 | 3.4 | 4 | 1.4 |
| May 04-08 | 5.6 | 3.9 | 1.7 | 1.1 |
| May 25-29 | 3.4 | 3 | 0.3 | 1.4 |
3.3 Trailing 3 months
| Turnover | USD20.7 billion |
| Volume | 136,411,533 |
| Volume Index (1 is avg) | 2.0 |
3.4 Trailing Price Change %
3-Year price change for IJH was 8.9%. Compared with the Morgan Stanley Capital International World Index [MSCI World] which rose 13.2% in the 3 years, the relative price change was -4.3%.
| Price Change % | Quarter | Year | 3 Years |
| IJH | -2 | -0.1 | 8.9 |
| MSCI World | 1.1 | 5.8 | 13.2 |
3.5 MCap: 5-Year Increase of USD16 billion
In the past 5 years Market Capitalization has increased by USD16.3 billion (62%) from USD26.1 billion to USD42.4 billion. Based on a dynamic start date of 5 years ago, there has been only 1 decline in MCap over the last 5 years.
| Close Price | MCap (US$ B) | |
| Last | USD174.61 | 42.4 |
| 1 Year ago | USD179.17 | 47 |
| 2 Years ago | USD187.79 | 46.5 |
| 3 Years ago | USD164.30 | 39.7 |
| 4 Years ago | USD139.87 | 27.6 |
| 5 Years ago | USD141.61 | 26.1 |
3.6 Year-on-Year Comparison (Trailing year - ended 29 May)
In the past 5 years, IJH has jumped 24.1% from 140.7 to 174.61, an average annual compound rise of 4.4%.
| 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
| Close | 174.61 | 179.17 | 186.93 | 164.3 | 139.87 | 140.7 |
| % Price Change | 12.8 | 18.7 | -2.4 | 5.3 | 23.3 | 22.7 |
| Avg Daily Volume | 871,246 | 683,766 | 530,846 | 1,192,383 | 1,270,565 | 1,094,885 |
| VWP | 187.77 | 176.35 | 140.08 | 142.53 | 128.64 | 104.69 |
| Turnover Period | 1 yr 53 d | 1 yr 3 mo | 1 yr 5 mo | 7 mo | 6 mo | 6 mo |
| Price Range | 117.16 - 209.59 | 152.55 - 199.38 | 160.97 - 192.44 | 132.19 - 167.01 | 100.99 - 151.85 | 116.01 - 142.63 |
In the past 5 years average daily volume has declined 20.4% from 1.1 million units to 871,246 units. Turnover period has increased from 6 months to 1 year 53 days. This indicates a larger number of core investors, making a long-term investment safer.
3.7 Beta:
+ Beta: the Beta is 1.3. A Beta greater than 1 suggests this is a high risk, high return ETF with volatility greater than that of the market.
SECTION 4
RANKING
4.1 Global Rank out of 5,420 ETFs
The present value of $US1,000 invested a year ago is $US1,019, ranking it 1864 out of 5,420 ETFs. Its 6-month relative strength (or price percentile rank) in USD is 56.
| Description | Value | Rank | Quartile |
| Net Assets (US$) | 47.9B | 24 | Top |
| Price/NAV | 0.97 | 1886 | Second |
| Rel Strength 6 Mo (US$) | 56 | 2396 | Second |
| PV$1000 (1Year) US$ | 1,019 | 1864 | Second |
4.2 Rank in the Total United States ETF Market [out of 1,693 ETFs]
| Description | Value | Rank |
| Rel Strength 6 Mon (USD) | 45 | 938 |
| PV1000-1Year (USD) | 1,019 | 678 |
SECTION 5
ANALYST RECOMMENDATION
| Date | Brokerage | Action | Current Rating | Past Rating |
| Mar 31,2020 | XTF Inc. | Upgrade | 8.8 out of 10 | 8.0 out of 10 |
| Jul 31,2018 | Morningstar, Inc. | Downgrade | 4 out of 5 | 8.0 out of 10 |
SECTION 6
REPORTED BUYING AND SELLING
6.1 Top 100 Institutional Holders of iShares S&P MidCap 400 Index Fund as at March 31, 2020
As at March 31, 2020, 1261 Institutions held investments in iShares S&P MidCap 400 Index Fund. Institutions had decreased their holdings to 69.47% of issued capital, down from 70.73% nine months ago. The top 100 institutional shareholders held 57.8% units of iShares S&P MidCap 400 Index Fund. The largest shareholder was Wells Fargo & Co with 6.7% of iShares S&P MidCap 400 Index Fund. The second largest shareholder was Bank of America with 5.1%.
*Note: Minimum Core Shareholding is computed on the basis of SEC filings over the last 12 quarters (3 years). A higher % of shareholding above the minimum core holding may be indicative of a potential positioning by the institution to overweight.
| Institution (CIK) | ETFs | Holding % | Value $USD | Minimum Core Holding* | % Above Min Core Holding* |
| Wells Fargo & Co (0000072971) | 16,345,137 | 6.7 | 2.4 B | 16,345,137 | 0 |
| Bank of America (0000070858) | 12,447,910 | 5.1 | 1.8 B | 11,439,889 | 8.8 |
| Northwestern Mutual Wealth Management Co (0001141802) | 9,181,064 | 3.8 | 1.3 B | 4,004,526 | 129 |
| Bank of New York Mellon (0001390777) | 7,514,259 | 3.1 | 1.1 B | 5,589,273 | 34.4 |
| Morgan Stanley (0000895421) | 6,107,578 | 2.5 | 880.5 M | 5,261,049 | 16.1 |
| Blackrock (0001364742) | 5,679,445 | 2.3 | 818.8 M | 4,299,899 | 32.1 |
| LPL Financial (0001403438) | 5,229,421 | 2.1 | 753.9 M | 3,686,045 | 41.9 |
| Financial Engines Advisors (0001420473) | 4,329,237 | 1.8 | 624.1 M | 32 | 13,528,766 |
| UBS Group (0001610520) | 4,044,276 | 1.7 | 583.1 M | 4,044,276 | 0 |
| Royal Bank of Canada (0001000275) | 3,257,905 | 1.3 | 469.7 M | 2,100,680 | 55 |
| PNC Financial Services Group (0000713676) | 3,199,410 | 1.3 | 461.3 M | 2,375,606 | 34.7 |
| Raymond James (0001084208) | 3,185,863 | 1.3 | 459.3 M | 1,620,256 | 97 |
| JP Morgan Chase & Co (0000019617) | 2,972,942 | 1.2 | 428.6 M | 2,972,942 | 0 |
| Northern Trust (0000073124) | 2,774,273 | 1.1 | 400 M | 2,085,624 | 33.0 |
| Ameriprise Financial (0000820027) | 2,711,702 | 1.1 | 390.9 M | 1,283,681 | 111 |
| Envestnet Asset Management (0001407543) | 2,570,096 | 1.1 | 370.5 M | 2,570,096 | 0 |
| First Command Advisory Services (0001727336) | 2,310,603 | 0.95 | 333.1 M | 2,286 | 100,976 |
| Northwestern Mutual Investment Management Co (0001629649) | 2,255,270 | 0.93 | 325.1 M | 120,570 | 1,771 |
| Keybank National Association (0001089877) | 2,038,509 | 0.84 | 293.9 M | 2,038,509 | 0 |
| Catalyst Capital Advisors (0001549275) | 2,025,674 | 0.83 | 292 M | 854,426 | 137 |
| Millburn Ridgefield (0001294571) | 2,025,674 | 0.83 | 292 M | 854,426 | 137 |
| BB&T (0000092230) | 1,610,640 | 0.66 | 232.2 M | 294,237 | 447 |
| Goldman Sachs Group (0000886982) | 1,518,418 | 0.63 | 218.9 M | 1,093,651 | 38.8 |
| Regions Financial (0001281761) | 1,455,677 | 0.6 | 209.9 M | 1,276,996 | 14.0 |
| Fifth Third Bancorp (0000035527) | 1,286,724 | 0.53 | 185.5 M | 1,286,724 | 0 |
| Raymond James Financial Services Advisors (0001462284) | 1,211,876 | 0.5 | 174.7 M | 461,195 | 163 |
| Alesco Advisors (0001269978) | 1,192,629 | 0.49 | 171.9 M | 1,018,679 | 17.1 |
| Veritable (0001300311) | 1,164,985 | 0.48 | 168 M | 733,905 | 59 |
| Creative Planning (0001540235) | 1,113,405 | 0.46 | 160.5 M | 1,113,405 | 0 |
| Cresset Asset Management (0001761013) | 1,023,679 | 0.42 | 147.6 M | 790,773 | 29.5 |
| TD Asset Management (0001056053) | 804,213 | 0.33 | 115.9 M | 448,060 | 79 |
| Massmutual Trust Co FSB (0001103653) | 776,460 | 0.32 | 111.9 M | 358,572 | 117 |
| Valmark Advisers (0001380443) | 768,900 | 0.32 | 110.9 M | 768,900 | 0 |
| Huntington National Bank (0000049205) | 733,113 | 0.3 | 105.7 M | 582,514 | 25.9 |
| Migdal Insurance & Financial Holdings (0001415912) | 696,630 | 0.29 | 100.4 M | 696,630 | 0 |
| FMR (0000315066) | 677,808 | 0.28 | 97.7 M | 138,641 | 389 |
| Tiedemann Wealth Management (0001483232) | 675,887 | 0.28 | 97.4 M | 73,840 | 815 |
| Legacy Wealth Management (0001488921) | 589,518 | 0.24 | 85 M | 314,619 | 87 |
| Alaska Permanent Capital Management (0001426771) | 582,319 | 0.24 | 84 M | 264,658 | 120 |
| Eqis Capital Management (0001566653) | 561,928 | 0.23 | 81 M | 502,324 | 11.9 |
| State Street (0000093751) | 506,672 | 0.21 | 73 M | 454,083 | 11.6 |
| Acropolis Investment Management (0001318601) | 498,199 | 0.21 | 71.8 M | 449,314 | 10.9 |
| Jones Financial Companies (0000815917) | 497,217 | 0.2 | 71.7 M | 262,947 | 89 |
| Bridges Investment Management (0001007295) | 483,914 | 0.2 | 69.8 M | 210,410 | 130 |
| Greenleaf Trust (0001162170) | 474,416 | 0.2 | 68.4 M | 288,570 | 64 |
| Haverford Trust Co (0000842941) | 460,687 | 0.19 | 66.4 M | 438,790 | 5.0 |
| Stifel Financial (0000720672) | 458,673 | 0.19 | 66.1 M | 391,373 | 17.2 |
| LVZ Advisors (0001574408) | 457,036 | 0.19 | 65.9 M | 57,072 | 701 |
| Lenox Wealth Advisors (0001569292) | 451,701 | 0.19 | 65.1 M | 250,275 | 80 |
| BOKF (0000009634) | 447,395 | 0.18 | 64.5 M | 401,269 | 11.5 |
| Mainstreet Investment Advisors (0001729854) | 435,534 | 0.18 | 62.8 M | 366,660 | 18.8 |
| TIAA (0001711615) | 430,912 | 0.18 | 62.1 M | 3,487 | 12,258 |
| Baird Financial Group (0001648711) | 402,691 | 0.17 | 58.1 M | 194,335 | 107 |
| SigFig Wealth Management (0001696957) | 396,781 | 0.16 | 57.2 M | 3,502 | 11,230 |
| Sandy Spring Bank (0001457833) | 393,705 | 0.16 | 56.8 M | 285,021 | 38.1 |
| United Services Automobile Association (0001021249) | 386,127 | 0.16 | 55.7 M | 308,986 | 25.0 |
| United Capital Financial Advisers (0001463217) | 384,002 | 0.16 | 55.4 M | 346,204 | 10.9 |
| Milestone Group (0001317348) | 380,893 | 0.16 | 54.9 M | 1,815 | 20,886 |
| Linscomb & Williams (0001313294) | 372,733 | 0.15 | 53.7 M | 369,130 | 0.98 |
| Lee Financial (0001391166) | 365,578 | 0.15 | 52.7 M | 283,396 | 29.0 |
| FFT Wealth Management (0001653199) | 358,563 | 0.15 | 51.7 M | 125,887 | 185 |
| U.S. Bancorp (DE) (0000036104) | 356,767 | 0.15 | 51.4 M | 186,784 | 91 |
| First Republic Investment Management (0001418204) | 344,200 | 0.14 | 49.6 M | 336,914 | 2.2 |
| Sigma Investment Counselors (0001085163) | 340,189 | 0.14 | 49 M | 292,654 | 16.2 |
| Franklin Resources (0000038777) | 335,417 | 0.14 | 48.4 M | 140,053 | 139 |
| Global Beta Advisors (0001766789) | 328,339 | 0.14 | 47.3 M | 294,733 | 11.4 |
| Private Advisor Group (0001567755) | 319,581 | 0.13 | 46.1 M | 181,257 | 76 |
| Arkansas Financial Group (0000764611) | 312,694 | 0.13 | 45.1 M | 273,160 | 14.5 |
| M&T Bank (0000036270) | 308,772 | 0.13 | 44.5 M | 308,772 | 0 |
| Comerica Bank (0000901541) | 301,992 | 0.12 | 43.5 M | 301,992 | 0 |
| Cambridge Investment Research Advisors (0001419186) | 301,884 | 0.12 | 43.5 M | 165,613 | 82 |
| Northcoast Asset Management (0001456227) | 299,409 | 0.12 | 43.2 M | 2,356 | 12,608 |
| MAI Capital Management. (0001040197) | 283,002 | 0.12 | 40.8 M | 207,023 | 36.7 |
| Boston Private Wealth (0001626116) | 281,307 | 0.12 | 40.6 M | 39,377 | 614 |
| Divergent Wealth Advisors (0001731275) | 281,107 | 0.12 | 40.5 M | 92,576 | 204 |
| Vicus Capital (0001544806) | 277,483 | 0.11 | 40 M | 198,677 | 39.7 |
| Whittier Trust Co (0001137881) | 275,845 | 0.11 | 39.8 M | 46,480 | 493 |
| Fiduciary Trust (0000035442) | 273,842 | 0.11 | 39.5 M | 16,316 | 1,578 |
| MML Investors Services (0000701059) | 271,868 | 0.11 | 39.2 M | 271,868 | 0 |
| First Allied Advisory Services (0001512647) | 267,518 | 0.11 | 38.6 M | 135,044 | 98 |
| Sontag Advisory (0001646247) | 264,669 | 0.11 | 38.2 M | 991 | 26,607 |
| GW Henssler & Associates (0001080369) | 264,477 | 0.11 | 38.1 M | 262,817 | 0.63 |
| Badgley Phelps & Bell (0000915325) | 258,460 | 0.11 | 37.3 M | 216,682 | 19.3 |
| Madison Asset Management (0001299351) | 257,548 | 0.11 | 37.1 M | 257,548 | 0 |
| Cape Cod Five Cents Savings Bank (0001054646) | 252,923 | 0.1 | 36.5 M | 227,607 | 11.1 |
| Prudential Financial (0001137774) | 248,080 | 0.1 | 35.8 M | 71,816 | 245 |
| Oppenheimer Asset Management (0001269119) | 244,772 | 0.1 | 35.3 M | 90,802 | 170 |
| Captrust Financial Advisors (0001512024) | 241,508 | 0.1 | 34.8 M | 70,745 | 241 |
| Ensign Peak Advisors (0001454984) | 240,630 | 0.1 | 34.7 M | 192,608 | 24.9 |
| Ballentine Partners (0001374889) | 240,427 | 0.1 | 34.7 M | 237,818 | 1.1 |
| Phillips Financial Management (0001350660) | 238,151 | 0.1 | 34.3 M | 238,151 | 0 |
| Cornerstone Advisors (0001532520) | 237,758 | 0.1 | 34.3 M | 8,898 | 2,572 |
| Leonard Rickey Investment Advisors (0001731447) | 228,867 | 0.09 | 33 M | 139,679 | 64 |
| Mariner Wealth Advisors (0001373442) | 228,136 | 0.09 | 32.9 M | 95,258 | 139 |
| Bessemer Group (0001054074) | 223,745 | 0.09 | 32.3 M | 223,745 | 0 |
| ALPS Advisors (0001376113) | 221,925 | 0.09 | 32 M | 215,220 | 3.1 |
| Altium Wealth Management (0001739594) | 221,264 | 0.09 | 31.9 M | 65,291 | 239 |
| Modera Wealth Management (0001542143) | 220,381 | 0.09 | 31.8 M | 220,381 | 0 |
| Mason Street Advisors (0001167711) | 218,425 | 0.09 | 31.5 M | 9,925 | 2,101 |
| HSBC Holdings (0000873630) | 209,868 | 0.09 | 30.3 M | 87,215 | 141 |
| Held by Top 100 | 140,217,716 | 57.76 | 20.2 billion | - | - |
6.2 Major Increases in Top 100 institutional shareholders March 31, 2020 vs December 31, 2019
Northwestern Mutual Investment Management Co increased their shareholding in iShares S&P MidCap 400 Index Fund by 1.7 million units worth USD 285.4 million. Northwestern Mutual Wealth Management Co increased their shareholding by 754,348 units worth USD 123.6 million.
| Institution (CIK) | Increase in ETFs | Increase Value, $USD |
| Northwestern Mutual Investment Management Co (0001629649) | 1,741,200 | 285.4 M |
| Northwestern Mutual Wealth Management Co (0001141802) | 754,348 | 123.6 M |
| Morgan Stanley (0000895421) | 411,959 | 67.5 M |
| First Command Advisory Services (0001727336) | 335,353 | 55 M |
| Blackrock (0001364742) | 327,884 | 53.7 M |
| Alaska Permanent Capital Management (0001426771) | 317,661 | 52.1 M |
| Veritable (0001300311) | 179,119 | 29.4 M |
| Lenox Wealth Advisors (0001569292) | 162,336 | 26.6 M |
| Alesco Advisors (0001269978) | 154,671 | 25.4 M |
| Financial Engines Advisors (0001420473) | 146,751 | 24.1 M |
| Legacy Wealth Management (0001488921) | 124,654 | 20.4 M |
| U.S. Bancorp (DE) (0000036104) | 103,333 | 16.9 M |
| SigFig Wealth Management (0001696957) | 78,415 | 12.9 M |
| FFT Wealth Management (0001653199) | 68,717 | 11.3 M |
| Eqis Capital Management (0001566653) | 59,604 | 9.8 M |
| Greenleaf Trust (0001162170) | 56,692 | 9.3 M |
| State Street (0000093751) | 52,589 | 8.6 M |
| Global Beta Advisors (0001766789) | 33,606 | 5.5 M |
| Acropolis Investment Management (0001318601) | 33,357 | 5.5 M |
| Northern Trust (0000073124) | 27,297 | 4.5 M |
| Cresset Asset Management (0001761013) | 25,607 | 4.2 M |
| United Capital Financial Advisers (0001463217) | 25,053 | 4.1 M |
| Whittier Trust Co (0001137881) | 24,746 | 4.1 M |
| Vicus Capital (0001544806) | 22,020 | 3.6 M |
| PNC Financial Services Group (0000713676) | 20,152 | 3.3 M |
| Jones Financial Companies (0000815917) | 19,966 | 3.3 M |
| United Services Automobile Association (0001021249) | 11,915 | 2 M |
| Fiduciary Trust (0000035442) | 11,696 | 1.9 M |
| Badgley Phelps & Bell (0000915325) | 11,136 | 1.8 M |
| Sandy Spring Bank (0001457833) | 7,889 | 1.3 M |
| ALPS Advisors (0001376113) | 6,705 | 1.1 M |
| Sigma Investment Counselors (0001085163) | 4,421 | 724,648 |
| Lee Financial (0001391166) | 3,465 | 567,950 |
| Ballentine Partners (0001374889) | 2,609 | 427,643 |
| GW Henssler & Associates (0001080369) | 1,385 | 227,016 |
| Haverford Trust Co (0000842941) | 1,126 | 184,563 |
| Total | 5,369,437 |
6.3 Major Decreases in Top 100 institutional shareholders March 31, 2020 vs December 31, 2019
Wells Fargo & Co reduced their shareholding in iShares S&P MidCap 400 Index Fund by 2.1 million units worth USD 342.9 million. Bank of America reduced their shareholding by 1.7 million units worth USD 275.4 million.
| Institution (CIK) | Decrease in ETFs | Decrease Value, $USD |
| Wells Fargo & Co (0000072971) | 2,091,826 | (342.9 M) |
| Bank of America (0000070858) | 1,680,392 | (275.4 M) |
| Creative Planning (0001540235) | 900,650 | (147.6 M) |
| Royal Bank of Canada (0001000275) | 893,871 | (146.5 M) |
| Valmark Advisers (0001380443) | 891,775 | (146.2 M) |
| Migdal Insurance & Financial Holdings (0001415912) | 824,165 | (135.1 M) |
| Envestnet Asset Management (0001407543) | 736,357 | (120.7 M) |
| Ameriprise Financial (0000820027) | 734,562 | (120.4 M) |
| UBS Group (0001610520) | 677,437 | (111 M) |
| JP Morgan Chase & Co (0000019617) | 361,739 | (59.3 M) |
| TIAA (0001711615) | 239,632 | (39.3 M) |
| LPL Financial (0001403438) | 226,893 | (37.2 M) |
| Bank of New York Mellon (0001390777) | 221,558 | (36.3 M) |
| Huntington National Bank (0000049205) | 218,193 | (35.8 M) |
| First Republic Investment Management (0001418204) | 180,016 | (29.5 M) |
| Fifth Third Bancorp (0000035527) | 133,573 | (21.9 M) |
| Goldman Sachs Group (0000886982) | 112,352 | (18.4 M) |
| Baird Financial Group (0001648711) | 111,945 | (18.3 M) |
| Milestone Group (0001317348) | 103,970 | (17 M) |
| Millburn Ridgefield (0001294571) | 103,028 | (16.9 M) |
| Catalyst Capital Advisors (0001549275) | 103,028 | (16.9 M) |
| Boston Private Wealth (0001626116) | 82,545 | (13.5 M) |
| Bridges Investment Management (0001007295) | 53,836 | (8.8 M) |
| Comerica Bank (0000901541) | 47,694 | (7.8 M) |
| Cambridge Investment Research Advisors (0001419186) | 46,175 | (7.6 M) |
| MML Investors Services (0000701059) | 44,148 | (7.2 M) |
| FMR (0000315066) | 41,436 | (6.8 M) |
| Phillips Financial Management (0001350660) | 35,786 | (5.9 M) |
| BB&T (0000092230) | 31,197 | (5.1 M) |
| LVZ Advisors (0001574408) | 30,057 | (4.9 M) |
| Private Advisor Group (0001567755) | 30,056 | (4.9 M) |
| MAI Capital Management. (0001040197) | 23,891 | (3.9 M) |
| Bessemer Group (0001054074) | 23,865 | (3.9 M) |
| First Allied Advisory Services (0001512647) | 18,581 | (3 M) |
| Keybank National Association (0001089877) | 14,419 | (2.4 M) |
| Mainstreet Investment Advisors (0001729854) | 11,870 | (1.9 M) |
| Captrust Financial Advisors (0001512024) | 8,710 | (1.4 M) |
| Stifel Financial (0000720672) | 7,730 | (1.3 M) |
| Linscomb & Williams (0001313294) | 4,999 | (819,389) |
| Oppenheimer Asset Management (0001269119) | 4,689 | (768,576) |
| Franklin Resources (0000038777) | 4,217 | (691,211) |
| Modera Wealth Management (0001542143) | 3,624 | (594,012) |
| HSBC Holdings (0000873630) | 2,234 | (366,176) |
| Altium Wealth Management (0001739594) | 1,484 | (243,243) |
| Regions Financial (0001281761) | 1,353 | (221,771) |
| Arkansas Financial Group (0000764611) | 448 | (73,432) |
| Total | 12,122,006 |
6.4 New Entrants in Top 100 institutional shareholders as at March 31, 2020
| Institution (CIK) | ETFs | Value, $USD |
| Raymond James (0001084208) | 3,185,863 | 459.3 M |
| Raymond James Financial Services Advisors (0001462284) | 1,211,876 | 174.7 M |
| Massmutual Trust Co FSB (0001103653) | 776,460 | 111.9 M |
| Tiedemann Wealth Management (0001483232) | 675,887 | 97.4 M |
| BOKF (0000009634) | 447,395 | 64.5 M |
| M&T Bank (0000036270) | 308,772 | 44.5 M |
| Northcoast Asset Management (0001456227) | 299,409 | 43.2 M |
| Divergent Wealth Advisors (0001731275) | 281,107 | 40.5 M |
| Sontag Advisory (0001646247) | 264,669 | 38.2 M |
| Madison Asset Management (0001299351) | 257,548 | 37.1 M |
| Cape Cod Five Cents Savings Bank (0001054646) | 252,923 | 36.5 M |
| Prudential Financial (0001137774) | 248,080 | 35.8 M |
| Ensign Peak Advisors (0001454984) | 240,630 | 34.7 M |
| Cornerstone Advisors (0001532520) | 237,758 | 34.3 M |
| Leonard Rickey Investment Advisors (0001731447) | 228,867 | 33 M |
| Mariner Wealth Advisors (0001373442) | 228,136 | 32.9 M |
| Mason Street Advisors (0001167711) | 218,425 | 31.5 M |
| Total | 9,363,805 |
6.5 Drop Outs from Top 100 institutional shareholders as at March 31, 2020
| Institution (CIK) | ETFs | Value, $USD |
| ARGI Investment Services, LLC (0001519611) | 206,071 | 29.7 M |
| Tarbox Family Office, Inc. (0001599603) | 202,404 | 29.2 M |
| Janney Montgomery Scott LLC (0001329948) | 199,384 | 28.7 M |
| Bronfman E.L. Rothschild, L.P. (0001666612) | 179,097 | 25.8 M |
| Lutz Financial Services LLC (0001737112) | 170,282 | 24.5 M |
| APCM Wealth Management for Individuals (0001731601) | 161,349 | 23.3 M |
| Voya Financial Advisors, Inc. (0001424367) | 152,785 | 22 M |
| Klingman & Associates, LLC (0001662449) | 147,680 | 21.3 M |
| CWM, LLC (0001535847) | 79,216 | 11.4 M |
| Pacific Financial Group Inc. (0001279926) | 28,352 | 4.1 M |
| DT Investment Partners, LLC (0001537621) | 8,510 | 1.2 M |
| Total | 1,535,130 |
SECTION 7
PROFILE
7.1 Description
iShares S&P MidCap 400 Index Fund (the Fund) seeks investment results that correspond generally to the price and yield performance of United States mid-cap stocks, as represented by the Standard & Poor's MidCap 400 Index (the Index). The Index measures the performance of the mid-capitalization sector of the United States equity market. The Index serves as the underlying index for the S&P 400/Citigroup Growth and Value Index series. The components stocks are weighted according to the total float-adjusted market value of their outstanding shares. The component stocks have a market capitalization between $1 billion and $4 billion (which may fluctuate depending on the overall level of the equity markets), and are selected for liquidity and industry group representation. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Fund's investment advisor is Barclays Global Fund Advisors.
7.2 SNAPSHOT
iShares S&P MidCap 400 Index Fund (NYSE:IJH)
ISIN: US4642875078
| Inception Date | May 22, 2000 |
| Expense Ratio | 0.1% of average net assets |
| Category | Blend - Mid Cap |
| Fund Family Name | iShares |
| Index Tracked | S&P MidCap 400 Index |
| Asset Class | Equity |
7.3 Contact Details
| Website | http://us.ishares.com/product_info/fund/overview/IJH.htm |
| Physical Address | BlackRock Fund Advisors 400 Howard Street San Francisco, CA 94105 USA |
| Phone | (800) 474-2737 |
7.4 ETF Summary
| Jun 01 close | USD178.88 |
| May 29 NAV | USD177.19 |
| Price/NAV | 1.01 |
| Ave Daily Volume | 1,052,703 units |
| 52-Week Range | 117.16 - 209.59 |
| Dividend Yield | 1.9% |
| Units Outstanding | 242,750,000 |
| No. Held by Institutions | 168,637,772 |
| % of units outstanding | 69.47% |
| Market Cap | USD43.4 billion |
7.5 Fund Managers and Management Fees
+ The managers of the ETF are Greg Savage and Diane Hsiung and Blackrock. The management fee is 0.2% of total assets
SECTION 8
DIVIDEND
| Dividend: | 0.8 |
| Dividend Date: | March 25, 2020 |
| Dividend Yield: | 1.9% |
| Annual Dividend: | USD3.45 |
SECTION 9
TOP HOLDINGS & PORTFOLIO ALLOCATION
9.1 Top Holdings (April 28, 2020)
| Holdings | Weight (%) |
| West Pharmaceutical Services Inc | 1 |
| Domino's Pizza Inc | 1 |
| Tyler Technologies Inc | 0.9 |
| Teledyne Technologies Inc | 0.8 |
| Factset Research Systems Inc | 0.8 |
| Molina Healthcare Inc | 0.8 |
| Teradyne Inc | 0.8 |
| Masimo Corp | 0.7 |
| Catalent Inc | 0.7 |
| Essential Utilities Inc | 0.7 |
9.2 Sector Breakdown (January 28, 2020)
| Sector | % |
| Information Technology | 15.9 |
| Industrials | 15.5 |
| Consumer Discretionary | 13.5 |
| Real Estate | 10.9 |
| Health Care | 9.3 |
| Materials | 5.8 |
| Utilities | 4.7 |
| Consumer Staples | 2.8 |
| Communication Services | 1.8 |
| Energy | 1.7 |
9.3 Market Cap Breakdown (January 29, 2020)
| Market Cap | % |
| Small | 56.5 |
| Mid | 38 |
| Micro | 5.2 |
| Other | 0.3 |
IJH.P
CIK: 1100663
CUSIP: 464287507
Source: www.BuySellSignals.com