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 hit a new 52-week high on Monday . The company traded as high as $147.99 and last traded at $147.70, with a volume of 21304 shares. 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 stock has a market cap of $8.79 billion, a price-to-earnings ratio of 16.13 and a beta of 0.96.

Institutional Investors Weigh In On iShares S&P Mid-Cap 400 Value ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IJJ. Evoke Wealth LLC raised its holdings in shares of iShares S&P Mid-Cap 400 Value ETF by 1.2% during the 4th quarter. Evoke Wealth LLC now owns 6,091 shares of the company’s stock valued at $802,000 after purchasing an additional 73 shares in the last quarter. Fiduciary Alliance LLC raised its holdings in shares of iShares S&P Mid-Cap 400 Value ETF by 1.5% during the 1st quarter. Fiduciary Alliance LLC now owns 4,842 shares of the company’s stock valued at $670,000 after purchasing an additional 73 shares in the last quarter. Allegheny Financial Group raised its holdings in shares of iShares S&P Mid-Cap 400 Value ETF by 0.4% during the 4th quarter. Allegheny Financial Group now owns 19,160 shares of the company’s stock valued at $2,521,000 after purchasing an additional 75 shares in the last quarter. Assetmark Inc. raised its holdings in shares of iShares S&P Mid-Cap 400 Value ETF by 6.9% during 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. Finally, Robertson Stephens Wealth Management LLC raised its holdings 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 valued at $732,000 after purchasing an additional 79 shares in 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.