iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) Hits New 12-Month High – Time to Buy?

Shares of iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) reached a new 52-week high during trading on Wednesday . The company traded as high as $148.15 and last traded at $147.90, with a volume of 68255 shares. The stock had previously closed at $147.73.

iShares S&P Mid-Cap 400 Value ETF Trading Down 0.3%

The stock’s fifty day moving average price is $142.61 and its 200 day moving average price is $138.56. The stock has a market cap of $8.81 billion, a P/E ratio of 16.13 and a beta of 0.96.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Evoke Wealth LLC boosted its holdings in shares of 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 worth $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 buying an additional 73 shares in the last quarter. Allegheny Financial Group lifted its position in iShares S&P Mid-Cap 400 Value ETF by 0.4% in the 4th quarter. Allegheny Financial Group now owns 19,160 shares of the company’s stock worth $2,521,000 after buying an additional 75 shares during the last quarter. Assetmark Inc. boosted its stake in iShares S&P Mid-Cap 400 Value ETF by 6.9% in the fourth quarter. Assetmark Inc. now owns 1,184 shares of the company’s stock worth $156,000 after buying an additional 76 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC boosted its stake in iShares S&P Mid-Cap 400 Value ETF by 1.4% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 5,564 shares of the company’s stock worth $732,000 after buying an additional 79 shares in the last quarter. Institutional investors 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.