iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) Reaches New 52-Week High – Still a Buy?

iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $144.47 and last traded at $143.1390, with a volume of 8951 shares. The stock had previously closed at $143.25.

iShares S&P Mid-Cap 400 Value ETF Trading Up 0.8%

The stock’s fifty day simple moving average is $136.38 and its 200 day simple moving average is $131.40. The company has a market cap of $8.60 billion, a price-to-earnings ratio of 16.13 and a beta of 1.05.

Hedge Funds Weigh In On iShares S&P Mid-Cap 400 Value ETF

A number of hedge funds have recently made changes to their positions in IJJ. Evoke Wealth LLC boosted its position in iShares S&P Mid-Cap 400 Value ETF by 1.2% in the 4th quarter. Evoke Wealth LLC now owns 6,091 shares of the company’s stock valued at $802,000 after buying an additional 73 shares during the period. Allegheny Financial Group lifted its stake in iShares S&P Mid-Cap 400 Value ETF by 0.4% in the fourth quarter. Allegheny Financial Group now owns 19,160 shares of the company’s stock worth $2,521,000 after acquiring an additional 75 shares during the last quarter. Assetmark Inc. raised its holdings in shares of iShares S&P Mid-Cap 400 Value ETF by 6.9% in the 4th quarter. Assetmark Inc. now owns 1,184 shares of the company’s stock valued at $156,000 after purchasing an additional 76 shares in the last quarter. Robertson Stephens Wealth Management LLC lifted its position in shares of iShares S&P Mid-Cap 400 Value ETF by 1.4% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 5,564 shares of the company’s stock worth $732,000 after purchasing an additional 79 shares during the last quarter. Finally, FAS Wealth Partners Inc. lifted its holdings in iShares S&P Mid-Cap 400 Value ETF by 1.0% during the 2nd quarter. FAS Wealth Partners Inc. now owns 8,768 shares of the company’s stock worth $1,084,000 after buying an additional 86 shares during the last quarter. Hedge funds and other institutional investors own 66.95% of the company’s stock.

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.