Independence Financial Advisors LLC Purchases 5,956 Shares of iShares S&P Mid-Cap 400 Value ETF $IJJ

Independence Financial Advisors LLC grew its position in shares of iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) by 9.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 72,279 shares of the company’s stock after buying an additional 5,956 shares during the quarter. iShares S&P Mid-Cap 400 Value ETF comprises about 2.5% of Independence Financial Advisors LLC’s investment portfolio, making the stock its 15th largest position. Independence Financial Advisors LLC’s holdings in iShares S&P Mid-Cap 400 Value ETF were worth $9,953,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in IJJ. Envestnet Asset Management Inc. raised its position in shares of iShares S&P Mid-Cap 400 Value ETF by 1.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,237,277 shares of the company’s stock valued at $330,499,000 after acquiring an additional 42,650 shares in the last quarter. Bank of America Corp DE boosted its holdings in iShares S&P Mid-Cap 400 Value ETF by 1.3% in the first quarter. Bank of America Corp DE now owns 2,402,568 shares of the company’s stock worth $318,340,000 after purchasing an additional 29,909 shares during the period. PNC Financial Services Group Inc. increased its stake in iShares S&P Mid-Cap 400 Value ETF by 0.7% during the first quarter. PNC Financial Services Group Inc. now owns 1,350,338 shares of the company’s stock valued at $178,920,000 after purchasing an additional 9,695 shares during the last quarter. D.A. Davidson & CO. increased its stake in iShares S&P Mid-Cap 400 Value ETF by 3.6% during the first quarter. D.A. Davidson & CO. now owns 1,091,192 shares of the company’s stock valued at $144,583,000 after purchasing an additional 38,084 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of iShares S&P Mid-Cap 400 Value ETF by 3.8% during the first quarter. Royal Bank of Canada now owns 558,496 shares of the company’s stock worth $74,000,000 after purchasing an additional 20,382 shares during the period. 66.95% of the stock is currently owned by institutional investors.

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

Shares of iShares S&P Mid-Cap 400 Value ETF stock traded up $1.05 during trading hours on Thursday, reaching $140.20. The company’s stock had a trading volume of 206,073 shares, compared to its average volume of 172,194. iShares S&P Mid-Cap 400 Value ETF has a one year low of $123.89 and a one year high of $151.81. The company’s 50 day simple moving average is $145.69 and its 200 day simple moving average is $143.17. The stock has a market cap of $8.44 billion, a P/E ratio of 16.13 and a beta of 0.97.

iShares S&P Mid-Cap 400 Value ETF 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.