iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) Reaches New 12-Month High – Here’s Why

iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $149.89 and last traded at $149.89, with a volume of 11287 shares. The stock had previously closed at $149.32.

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

The company has a 50-day moving average of $146.15 and a 200 day moving average of $140.95. The company has a market cap of $8.96 billion, a PE ratio of 16.13 and a beta of 0.96.

Hedge Funds Weigh In On iShares S&P Mid-Cap 400 Value ETF

Several hedge funds have recently added to or reduced their stakes in the company. Evoke Wealth LLC raised its position in shares of iShares S&P Mid-Cap 400 Value ETF by 1.2% during the 4th quarter. Evoke Wealth LLC now owns 6,091 shares of the company’s stock worth $802,000 after buying an additional 73 shares in the last quarter. Fiduciary Alliance LLC boosted its holdings in shares of iShares S&P Mid-Cap 400 Value ETF by 1.5% in the first quarter. Fiduciary Alliance LLC now owns 4,842 shares of the company’s stock valued at $670,000 after acquiring an additional 73 shares in the last quarter. Allegheny Financial Group boosted its holdings in shares of iShares S&P Mid-Cap 400 Value ETF by 0.4% in the fourth quarter. Allegheny Financial Group now owns 19,160 shares of the company’s stock valued at $2,521,000 after acquiring an additional 75 shares in the last quarter. Assetmark Inc. increased its stake in shares of iShares S&P Mid-Cap 400 Value ETF by 6.9% during the fourth quarter. Assetmark Inc. now owns 1,184 shares of the company’s stock valued at $156,000 after acquiring an additional 76 shares during the period. Finally, Robertson Stephens Wealth Management LLC increased its stake in shares of iShares S&P Mid-Cap 400 Value ETF by 1.4% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 5,564 shares of the company’s stock valued at $732,000 after acquiring an additional 79 shares during the period. 66.95% of the stock is currently owned by institutional investors.

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.