Northwestern Mutual Wealth Management Co. Raises Position in iShares S&P Mid-Cap 400 Value ETF $IJJ

Northwestern Mutual Wealth Management Co. lifted its stake in iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) by 498.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,754,991 shares of the company’s stock after acquiring an additional 3,127,303 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 0.06% of iShares S&P Mid-Cap 400 Value ETF worth $494,119,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Merrithew & Thorsten Inc purchased a new stake in shares of iShares S&P Mid-Cap 400 Value ETF in the fourth quarter worth about $26,000. Caitlin John LLC purchased a new stake in shares of iShares S&P Mid-Cap 400 Value ETF in the third quarter worth about $28,000. Hantz Financial Services Inc. boosted its position in shares of iShares S&P Mid-Cap 400 Value ETF by 776.0% in the third quarter. Hantz Financial Services Inc. now owns 219 shares of the company’s stock worth $28,000 after buying an additional 194 shares during the period. Toth Financial Advisory Corp purchased a new stake in shares of iShares S&P Mid-Cap 400 Value ETF in the fourth quarter worth about $29,000. Finally, Capital Investment Counsel Inc purchased a new stake in shares of iShares S&P Mid-Cap 400 Value ETF in the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 66.95% of the company’s stock.

iShares S&P Mid-Cap 400 Value ETF Price Performance

Shares of NYSEARCA IJJ opened at $137.92 on Friday. iShares S&P Mid-Cap 400 Value ETF has a 1-year low of $117.41 and a 1-year high of $144.76. The business has a 50-day moving average of $136.40 and a 200-day moving average of $135.30. The company has a market capitalization of $8.25 billion, a price-to-earnings ratio of 16.13 and a beta of 0.98.

iShares S&P Mid-Cap 400 Value ETF 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.