Hsbc Holdings PLC Grows Stake in iShares S&P Mid-Cap 400 Value ETF $IJJ

Hsbc Holdings PLC raised its position in shares of iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) by 6,088.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 100,692 shares of the company’s stock after purchasing an additional 99,065 shares during the period. Hsbc Holdings PLC owned about 0.17% of iShares S&P Mid-Cap 400 Value ETF worth $13,265,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Merrithew & Thorsten Inc purchased a new position in shares of iShares S&P Mid-Cap 400 Value ETF during the fourth quarter valued at $26,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in iShares S&P Mid-Cap 400 Value ETF in the fourth quarter worth about $27,000. Sankala Group LLC bought a new position in iShares S&P Mid-Cap 400 Value ETF during the 4th quarter worth about $28,000. Toth Financial Advisory Corp bought a new position in iShares S&P Mid-Cap 400 Value ETF during the 4th quarter worth about $29,000. Finally, Deutsche Bank AG bought a new position in iShares S&P Mid-Cap 400 Value ETF during the 4th quarter worth about $29,000. 66.95% of the stock is currently owned by hedge funds and other institutional investors.

iShares S&P Mid-Cap 400 Value ETF Stock Performance

NYSEARCA IJJ opened at $147.79 on Thursday. iShares S&P Mid-Cap 400 Value ETF has a one year low of $121.37 and a one year high of $149.77. The company has a market capitalization of $8.82 billion, a price-to-earnings ratio of 16.13 and a beta of 0.96. The company’s 50-day simple moving average is $144.39 and its two-hundred day simple moving average is $140.09.

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.