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

Shares of iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) hit a new 52-week high during trading on Tuesday . The company traded as high as $144.82 and last traded at $144.71, with a volume of 10746 shares trading hands. The stock had previously closed at $142.51.

iShares S&P Mid-Cap 400 Value ETF Stock Up 0.6%

The stock has a market cap of $8.57 billion, a price-to-earnings ratio of 16.13 and a beta of 0.96. The business’s 50 day simple moving average is $139.41 and its 200 day simple moving average is $136.86.

Institutional Trading of iShares S&P Mid-Cap 400 Value ETF

A number of large investors have recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in shares of iShares S&P Mid-Cap 400 Value ETF by 52.2% during the 4th quarter. Brighton Jones LLC now owns 5,797 shares of the company’s stock worth $724,000 after buying an additional 1,988 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of iShares S&P Mid-Cap 400 Value ETF by 268.5% during the 1st quarter. AQR Capital Management LLC now owns 19,501 shares of the company’s stock worth $2,335,000 after buying an additional 14,209 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of iShares S&P Mid-Cap 400 Value ETF by 5.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,910 shares of the company’s stock worth $348,000 after buying an additional 154 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of iShares S&P Mid-Cap 400 Value ETF by 15.8% during the 1st quarter. NewEdge Advisors LLC now owns 9,103 shares of the company’s stock worth $1,090,000 after buying an additional 1,242 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of iShares S&P Mid-Cap 400 Value ETF by 163.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 73,433 shares of the company’s stock worth $8,792,000 after buying an additional 45,589 shares during the last quarter. 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.