Summit Financial Strategies 13F: Exits IJK Stake

Summit Financial Strategies has closed out its investment in the iShares S&P Mid-Cap 400 Growth ETF (NYSEArca: IJK), according to a Form 13F filed with the Securities and Exchange Commission on October 14, 2026. Institutional investors like investment managers file these quarterly reports to reveal what stocks they held at the end of the previous period. Because these disclosures look backward, they show past portfolio choices and might not reflect what the firm owns today.

Inside Summit Financial Strategies's iShares S&P Mid-Cap 400 Growth ETF Trade

During the period, Summit Financial Strategies sold out its entire stake, getting rid of all 1,753 shares it previously owned. The complete liquidation brought its ending share count down to zero, marking a 100.0% decrease from its prior holdings. This sale follows similar moves by the firm to clear out other exchange-traded funds during the same filing window.

iShares S&P Mid-Cap 400 Growth ETF Stock Down 1.8%

Shares of the exchange-traded fund recently traded around $107.88 as of October 16, 2026. The stock sits below its 50-day moving average of $112.87 and below its 200-day moving average of $109.15. The fund has traded in a 52-week range between $91.30 and $119.39, putting its recent price down about 9.6% from its yearly peak while remaining roughly 18.2% above its low. The exchange-traded fund holds a price-to-earnings ratio of 24.01 and offers an annual dividend yield of 0.58% based on recent market pricing.

Dividend

The fund distributes an annual dividend yield of 0.58% to investors, providing a small stream of income alongside its focus on mid-capitalization growth equities.

About iShares S&P Mid-Cap 400 Growth ETF

iShares S&P Mid-Cap 400 Growth ETF is an exchange-traded fund that tracks the performance of mid-sized companies in the United States equity market showing strong growth traits. The underlying index focuses on a subset of the broader mid-cap market to target firms with robust growth characteristics. Institutional shifts in funds like this help show how professional managers adjust their sector exposure over time.

Bottom Line

Investors tracking Summit Financial Strategies will want to watch future SEC disclosures to see where the firm redirects its capital. Remember that 13F filings are historical documents and do not capture trades made after the reporting period ended. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.