iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) Sees Large Volume Increase – Here’s What Happened

iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) saw an uptick in trading volume on Friday . 2,443,310 shares traded hands during mid-day trading, an increase of 434% from the previous session’s volume of 457,970 shares.The stock last traded at $129.45 and had previously closed at $128.32.

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

The company has a 50 day moving average of $123.19 and a two-hundred day moving average of $119.65. The stock has a market capitalization of $7.92 billion, a PE ratio of 13.92 and a beta of 1.01.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in IJS. Valpey Financial Services LLC grew its stake 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 worth $122,029,000 after buying an additional 1,063,657 shares during the last quarter. Tcfg Wealth Management LLC grew its stake in iShares S&P Small-Cap 600 Value ETF by 8,726.1% during the 3rd quarter. Tcfg Wealth Management LLC now owns 432,301 shares of the company’s stock worth $47,808,000 after buying an additional 427,403 shares during the last quarter. Modern Wealth Management LLC grew its stake in iShares S&P Small-Cap 600 Value ETF by 11,921.0% during the 1st quarter. Modern Wealth Management LLC now owns 411,838 shares of the company’s stock worth $48,873,000 after buying an additional 408,412 shares during the last quarter. Sharp Wealth Advisory LLC purchased a new position in iShares S&P Small-Cap 600 Value ETF during the 1st quarter worth $32,233,000. Finally, AlphaCore Capital LLC grew its stake in iShares S&P Small-Cap 600 Value ETF by 72,965.5% during the 4th quarter. AlphaCore Capital LLC now owns 243,308 shares of the company’s stock worth $27,669,000 after buying an additional 242,975 shares during the last quarter. 71.86% of the stock is currently owned by hedge funds and other institutional investors.

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.