iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) Hits New 1-Year High – Here’s Why

iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $147.99 and last traded at $147.70, with a volume of 21304 shares changing hands. The stock had previously closed at $146.78.

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

The business’s 50 day moving average is $140.50 and its 200-day moving average is $137.38. The firm has a market capitalization of $8.79 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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Concurrent Investment Advisors LLC increased its stake in iShares S&P Mid-Cap 400 Value ETF by 70.6% in the fourth quarter. Concurrent Investment Advisors LLC now owns 18,184 shares of the company’s stock valued at $2,393,000 after purchasing an additional 7,524 shares in the last quarter. JPMorgan Chase & Co. increased its stake in iShares S&P Mid-Cap 400 Value ETF by 1.5% in the third quarter. JPMorgan Chase & Co. now owns 429,149 shares of the company’s stock valued at $55,669,000 after purchasing an additional 6,362 shares in the last quarter. Novak & Powell Financial Services Inc. increased its stake in iShares S&P Mid-Cap 400 Value ETF by 131.3% in the third quarter. Novak & Powell Financial Services Inc. now owns 13,429 shares of the company’s stock valued at $1,742,000 after purchasing an additional 7,624 shares in the last quarter. Genesis Private Wealth LLC bought a new stake in iShares S&P Mid-Cap 400 Value ETF in the fourth quarter valued at approximately $1,229,000. Finally, Cooke Wealth Management LLC bought a new stake in iShares S&P Mid-Cap 400 Value ETF in the fourth quarter valued at approximately $2,889,000. 66.95% of the stock is currently owned by institutional investors and hedge funds.

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.