iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) Reaches New 52-Week High – Still a Buy?

iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $148.11 and last traded at $147.80, with a volume of 22028 shares. The stock had previously closed at $145.72.

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

The company has a 50-day moving average price of $142.32 and a 200-day moving average price of $138.32. The company has a market capitalization of $8.82 billion, a price-to-earnings ratio of 16.13 and a beta of 0.96.

Institutional Investors Weigh In On iShares S&P Mid-Cap 400 Value ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of iShares S&P Mid-Cap 400 Value ETF by 498.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,754,991 shares of the company’s stock valued at $494,119,000 after purchasing an additional 3,127,303 shares in the last quarter. Bank of America Corp DE increased its stake in iShares S&P Mid-Cap 400 Value ETF by 1.3% in the first quarter. Bank of America Corp DE now owns 2,402,568 shares of the company’s stock valued at $318,340,000 after purchasing an additional 29,909 shares in the last quarter. UBS Group AG raised its stake in iShares S&P Mid-Cap 400 Value ETF by 5.4% during the 3rd quarter. UBS Group AG now owns 2,154,324 shares of the company’s stock worth $279,459,000 after buying an additional 110,590 shares during the period. PNC Financial Services Group Inc. raised its position in shares of iShares S&P Mid-Cap 400 Value ETF by 0.7% during the first quarter. PNC Financial Services Group Inc. now owns 1,350,338 shares of the company’s stock worth $178,920,000 after purchasing an additional 9,695 shares during the period. Finally, D.A. Davidson & CO. lifted its stake in iShares S&P Mid-Cap 400 Value ETF by 3.6% in the first quarter. D.A. Davidson & CO. now owns 1,091,192 shares of the company’s stock valued at $144,583,000 after buying an additional 38,084 shares in the last quarter. Institutional investors and hedge funds own 66.95% of the company’s stock.

About iShares S&P Mid-Cap 400 Value ETF

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.