CGC Financial Boosts iShares Core S&P Mid-Cap ETF Stake 204.5% to $21.3M; Benjamin Edwards Adds $3.8M
CGC Financial Services LLC increased its stake in iShares Core S&P Mid-Cap ETF by 204.5% to 326,780 shares valued at $21.33 million in the third quarter. Benjamin Edwards Inc. lifted its holding by 22.9% to 57,716 shares worth $3.77 million over the same period.
1. CGC Financial Services LLC Raises IJH Stake by Over 200%
In its latest Form 13F filing for the third quarter, CGC Financial Services LLC disclosed a 204.5% increase in its position in iShares Core S&P Mid-Cap ETF (IJH). The firm added 219,480 shares to reach a total holding of 326,780 shares, representing 5.9% of its overall investment portfolio and ranking IJH as its seventh-largest holding. As of the filing date, the block of shares was valued at $21.33 million. This sizeable accumulation signals CGC Financial’s confidence in the mid-cap segment, and pushes the ETF higher on institutional ownership metrics, where 14.6% of shares are held by institutional investors.
2. Benjamin Edwards Inc. Lifted Its IJH Position by Nearly 23%
Benjamin Edwards Inc. reported a 22.9% boost to its IJH position for the same quarter, purchasing an additional 10,748 shares to bring its total to 57,716 shares. The newly acquired shares carried a combined value of $3.77 million at the time of reporting. This activity places the independent broker-dealer among the more active buyers of mid-cap exposure, reinforcing broad demand for IJH’s benchmark tracking of the S&P MidCap 400 Index.