iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ – Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $144.82 and last traded at $144.71, with a volume of 10746 shares. The stock had previously closed at $142.51.
iShares S&P Mid-Cap 400 Value ETF Trading Up 0.6%
The business’s 50 day moving average price is $139.41 and its 200-day moving average price is $136.86. The company has a market cap of $8.57 billion, a price-to-earnings ratio of 16.13 and a beta of 0.96.
Institutional Trading of iShares S&P Mid-Cap 400 Value ETF
A number of hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC lifted its stake in shares of iShares S&P Mid-Cap 400 Value ETF by 52.0% during the 1st quarter. Parallel Advisors LLC now owns 5,099 shares of the company’s stock worth $676,000 after buying an additional 1,744 shares during the last quarter. Blue Edge Capital LLC increased its position in iShares S&P Mid-Cap 400 Value ETF by 2.6% during the first quarter. Blue Edge Capital LLC now owns 76,475 shares of the company’s stock worth $10,133,000 after acquiring an additional 1,964 shares during the period. Financial Solutions Advisory Group Inc. bought a new position in iShares S&P Mid-Cap 400 Value ETF during the first quarter worth about $240,000. Bank of America Corp DE increased its position in iShares S&P Mid-Cap 400 Value ETF by 1.3% during the first quarter. Bank of America Corp DE now owns 2,402,568 shares of the company’s stock worth $318,340,000 after acquiring an additional 29,909 shares during the period. Finally, Arkadios Wealth Advisors increased its position in iShares S&P Mid-Cap 400 Value ETF by 1.0% during the first quarter. Arkadios Wealth Advisors now owns 56,397 shares of the company’s stock worth $7,473,000 after acquiring an additional 575 shares during the period. 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.
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