iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) Hits New 12-Month High – Time to Buy?

iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) shares hit a new 52-week high on Wednesday . The company traded as high as $148.15 and last traded at $147.90, with a volume of 68255 shares. The stock had previously closed at $147.73.

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

The company has a market cap of $8.81 billion, a PE ratio of 16.13 and a beta of 0.96. The business’s 50-day moving average is $142.61 and its 200 day moving average is $138.56.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Merrithew & Thorsten Inc purchased a new stake in iShares S&P Mid-Cap 400 Value ETF during the 4th quarter valued at $26,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of iShares S&P Mid-Cap 400 Value ETF in the fourth quarter valued at about $27,000. Cedar Mountain Advisors LLC bought a new position in shares of iShares S&P Mid-Cap 400 Value ETF during the first quarter valued at about $27,000. Sankala Group LLC purchased a new stake in shares of iShares S&P Mid-Cap 400 Value ETF during the fourth quarter worth about $28,000. Finally, Toth Financial Advisory Corp purchased a new stake in shares of iShares S&P Mid-Cap 400 Value ETF during the fourth quarter worth about $29,000. 66.95% of the stock is owned by hedge funds and other institutional investors.

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.