iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) Sets New 1-Year High – What’s Next?

Shares of iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $149.89 and last traded at $149.89, with a volume of 11287 shares trading hands. The stock had previously closed at $149.32.

iShares S&P Mid-Cap 400 Value ETF Trading Up 1.4%

The firm has a 50 day simple moving average of $145.81 and a 200 day simple moving average of $140.78. The firm has a market capitalization of $9.03 billion, a PE ratio of 16.13 and a beta of 0.96.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. boosted its position in iShares S&P Mid-Cap 400 Value ETF by 498.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,754,991 shares of the company’s stock worth $494,119,000 after purchasing an additional 3,127,303 shares during the last quarter. Align Financial LLC purchased a new stake in shares of iShares S&P Mid-Cap 400 Value ETF during the 4th quarter valued at about $26,805,000. AlphaCore Capital LLC lifted its stake in shares of iShares S&P Mid-Cap 400 Value ETF by 5,244.2% in the 4th quarter. AlphaCore Capital LLC now owns 165,351 shares of the company’s stock worth $21,759,000 after purchasing an additional 162,257 shares during the period. UBS Group AG lifted its stake in shares of iShares S&P Mid-Cap 400 Value ETF by 5.4% in the 3rd quarter. UBS Group AG now owns 2,154,324 shares of the company’s stock worth $279,459,000 after purchasing an additional 110,590 shares during the period. Finally, Hsbc Holdings PLC lifted its stake in shares of iShares S&P Mid-Cap 400 Value ETF by 6,088.8% in the 1st quarter. Hsbc Holdings PLC now owns 100,692 shares of the company’s stock worth $13,265,000 after purchasing an additional 99,065 shares during the period. 66.95% of the stock is owned by institutional investors.

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.