iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) Hits New 52-Week High – Here’s What Happened

iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $138.27 and last traded at $137.5290, with a volume of 16839 shares changing hands. The stock had previously closed at $137.31.

iShares S&P Mid-Cap 400 Value ETF Stock Up 0.4%

The company has a market cap of $8.35 billion, a price-to-earnings ratio of 16.13 and a beta of 1.05. The stock has a fifty day moving average price of $131.72 and a two-hundred day moving average price of $129.53.

Institutional Trading of iShares S&P Mid-Cap 400 Value ETF

Hedge funds have recently added to or reduced their stakes in the stock. Balance Wealth LLC purchased a new position in shares of iShares S&P Mid-Cap 400 Value ETF during the 3rd quarter valued at $32,584,000. Axis Wealth Partners LLC lifted its holdings in iShares S&P Mid-Cap 400 Value ETF by 32.9% during the third quarter. Axis Wealth Partners LLC now owns 15,411 shares of the company’s stock valued at $1,999,000 after purchasing an additional 3,813 shares during the last quarter. Neumann Capital Management LLC boosted its position in iShares S&P Mid-Cap 400 Value ETF by 1.4% during the second quarter. Neumann Capital Management LLC now owns 27,110 shares of the company’s stock worth $3,350,000 after purchasing an additional 380 shares during the period. Bank of New York Mellon Corp raised its position in shares of iShares S&P Mid-Cap 400 Value ETF by 17.0% in the second quarter. Bank of New York Mellon Corp now owns 479,986 shares of the company’s stock valued at $59,317,000 after purchasing an additional 69,696 shares during the period. Finally, Brookstone Capital Management lifted its stake in shares of iShares S&P Mid-Cap 400 Value ETF by 6.2% during the 2nd quarter. Brookstone Capital Management now owns 2,279 shares of the company’s stock valued at $282,000 after buying an additional 133 shares in the last quarter. Institutional investors and hedge funds own 66.95% of the company’s stock.

iShares S&P Mid-Cap 400 Value ETF Company Profile

iShares S&P Mid-Cap 400 Value ETF, formerly iShares S&P MidCap 400 Value Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P MidCap 400 Value Index (the Index). The Value Index measures the performance of the mid-capitalization value sector of the United States equity market and consists of those stocks in the S&P MidCap 400 Index exhibiting the strongest value characteristics. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.