Davidson Trust Co. Makes New Investment in iShares S&P Mid-Cap 400 Value ETF $IJJ

Davidson Trust Co. purchased a new position in shares of iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 8,418 shares of the company’s stock, valued at approximately $1,160,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Balefire LLC bought a new stake in shares of iShares S&P Mid-Cap 400 Value ETF in the 3rd quarter valued at about $820,000. Gerald Baker Financial Group LLC grew its holdings in iShares S&P Mid-Cap 400 Value ETF by 3.4% during the third quarter. Gerald Baker Financial Group LLC now owns 18,597 shares of the company’s stock worth $2,561,000 after purchasing an additional 605 shares during the period. Breakwater Capital Group grew its holdings in iShares S&P Mid-Cap 400 Value ETF by 1.1% during the third quarter. Breakwater Capital Group now owns 16,463 shares of the company’s stock worth $2,267,000 after purchasing an additional 175 shares during the period. Chapin Davis Inc. acquired a new position in iShares S&P Mid-Cap 400 Value ETF during the third quarter worth approximately $268,000. Finally, Eclectic Associates Inc. ADV acquired a new position in iShares S&P Mid-Cap 400 Value ETF during the third quarter worth approximately $275,000. Institutional investors and hedge funds own 66.95% of the company’s stock.

iShares S&P Mid-Cap 400 Value ETF Stock Up 0.1%

NYSEARCA:IJJ opened at $140.37 on Friday. iShares S&P Mid-Cap 400 Value ETF has a 12-month low of $123.89 and a 12-month high of $151.81. The firm has a market capitalization of $8.45 billion, a price-to-earnings ratio of 16.13 and a beta of 0.97. The stock’s 50 day moving average price is $145.38 and its two-hundred day moving average price is $143.23.

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.