iShares S&P Mid-Cap 400 Value ETF $IJJ Shares Sold by Flaharty Asset Management LLC

Flaharty Asset Management LLC reduced its holdings in iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) by 41.6% during the 4th quarter, Holdings Channel reports. The fund owned 60,437 shares of the company’s stock after selling 43,015 shares during the period. iShares S&P Mid-Cap 400 Value ETF makes up about 1.0% of Flaharty Asset Management LLC’s holdings, making the stock its 29th largest holding. Flaharty Asset Management LLC’s holdings in iShares S&P Mid-Cap 400 Value ETF were worth $7,953,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in IJJ. Northwestern Mutual Wealth Management Co. raised its holdings in shares of iShares S&P Mid-Cap 400 Value ETF by 498.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,754,991 shares of the company’s stock worth $494,119,000 after purchasing an additional 3,127,303 shares during the last quarter. Bank of America Corp DE boosted its holdings in iShares S&P Mid-Cap 400 Value ETF by 0.8% in the second quarter. Bank of America Corp DE now owns 2,392,099 shares of the company’s stock valued at $295,616,000 after purchasing an additional 19,672 shares during the last quarter. UBS Group AG boosted its holdings in iShares S&P Mid-Cap 400 Value ETF by 5.4% in the third quarter. UBS Group AG now owns 2,154,324 shares of the company’s stock valued at $279,459,000 after purchasing an additional 110,590 shares during the last quarter. Envestnet Asset Management Inc. grew its position in iShares S&P Mid-Cap 400 Value ETF by 4.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,968,545 shares of the company’s stock worth $255,360,000 after purchasing an additional 80,204 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in iShares S&P Mid-Cap 400 Value ETF by 1.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,340,643 shares of the company’s stock worth $176,415,000 after purchasing an additional 22,215 shares during the period. Institutional investors and hedge funds own 66.95% of the company’s stock.

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

NYSEARCA IJJ opened at $139.68 on Thursday. The firm has a market capitalization of $8.35 billion, a P/E ratio of 16.13 and a beta of 0.98. The stock has a 50-day simple moving average of $136.60 and a two-hundred day simple moving average of $135.54. iShares S&P Mid-Cap 400 Value ETF has a fifty-two week low of $117.41 and a fifty-two week high of $144.76.

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.