iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) Reaches New 52-Week High – What’s Next?

iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $136.23 and last traded at $135.19, with a volume of 127718 shares. The stock had previously closed at $134.04.

iShares S&P Small-Cap 600 Value ETF Price Performance

The firm’s 50 day moving average is $129.77 and its 200 day moving average is $123.25. The company has a market capitalization of $8.29 billion, a PE ratio of 13.92 and a beta of 1.00.

Hedge Funds Weigh In On iShares S&P Small-Cap 600 Value ETF

Hedge funds have recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in shares of iShares S&P Small-Cap 600 Value ETF by 0.6% during the third quarter. Bank of America Corp DE now owns 3,285,564 shares of the company’s stock worth $363,350,000 after purchasing an additional 21,122 shares during the period. UBS Group AG raised its position in iShares S&P Small-Cap 600 Value ETF by 7.8% during the 3rd quarter. UBS Group AG now owns 1,121,202 shares of the company’s stock valued at $123,994,000 after purchasing an additional 80,921 shares during the last quarter. Valpey Financial Services LLC raised its position in iShares S&P Small-Cap 600 Value ETF by 11,307.1% during the 4th quarter. Valpey Financial Services LLC now owns 1,073,064 shares of the company’s stock valued at $122,029,000 after purchasing an additional 1,063,657 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in iShares S&P Small-Cap 600 Value ETF by 6.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 713,490 shares of the company’s stock worth $79,114,000 after buying an additional 40,917 shares during the period. Finally, Royal Bank of Canada grew its position in shares of iShares S&P Small-Cap 600 Value ETF by 6.5% in the 1st quarter. Royal Bank of Canada now owns 550,910 shares of the company’s stock worth $65,254,000 after buying an additional 33,430 shares during the last quarter. Hedge funds and other institutional investors own 71.86% of the company’s stock.

About iShares S&P Small-Cap 600 Value ETF

iShares S&P Small-Cap 600 Value ETF, formerly iShares S&P SmallCap 600 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 SmallCap 600 Value Index (the Index). The Index measures the performance of the small-capitalization value sector of the United States equity market and consists of those stocks in the S&P SmallCap 600 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.