IJH is an ETF providing exposure to U.S. mid-cap stocks with assets under management of $85.1 billion, and positive net fund flows. The fund replicates the S&P MidCap 400 Index with a balanced portfolio across sectors, though it does exhibit some "economic beta" and a slightly riskier perception (slightly elevated market beta). The fund's underlying return on equity is circa 15.40% on a forward basis, with strong earnings growth expected over the next five years.
Stocks with proven track records of dividend growth quietly outperform their peers in terms of total net return. The Nasdaq-100 index tends to hold more than its fair share of the market's best-performing technology stocks at any given time.
The iShares Core S&P Mid-Cap ETF offers a low price-to-earnings ratio and is a solid choice for long-term investors given current valuations. Mid-caps have performed the best among the three size groups in the US market looking back decades, and I believe they will deliver solid results in the future. With a positive momentum situation and diversification, I am bullish and outline key price levels to monitor as we continue into a positive seasonal stretch.