MV Capital Management Inc. Invests $530,000 in iShares S&P Mid-Cap 400 Value ETF $IJJ

MV Capital Management Inc. bought a new stake in iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) during the 4th quarter, Holdings Channel reports. The firm bought 4,027 shares of the company’s stock, valued at approximately $530,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Merrithew & Thorsten Inc bought a new position in shares of iShares S&P Mid-Cap 400 Value ETF during the fourth quarter worth approximately $26,000. Caitlin John LLC bought a new stake in iShares S&P Mid-Cap 400 Value ETF in the 3rd quarter valued at $28,000. Toth Financial Advisory Corp bought a new stake in iShares S&P Mid-Cap 400 Value ETF in the 4th quarter valued at $29,000. Deutsche Bank AG acquired a new position in iShares S&P Mid-Cap 400 Value ETF in the 4th quarter valued at $29,000. Finally, Capital Investment Counsel Inc acquired a new position in iShares S&P Mid-Cap 400 Value ETF in the 4th quarter valued at $35,000. Institutional investors and hedge funds own 66.95% of the company’s stock.

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

IJJ stock opened at $144.81 on Friday. The stock has a market capitalization of $8.66 billion, a price-to-earnings ratio of 16.13 and a beta of 0.96. The business’s fifty day moving average price is $141.42 and its two-hundred day moving average price is $137.77. iShares S&P Mid-Cap 400 Value ETF has a fifty-two week low of $120.03 and a fifty-two week high of $147.99.

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.