Confluence Investment Management LLC lowered its position in iShares S&P MidCap 400 Value Index (NYSEARCA:IJJ) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,812 shares of the company’s stock after selling 2,684 shares during the quarter. Confluence Investment Management LLC owned 0.15% of iShares S&P MidCap 400 Value Index worth $8,616,000 at the end of the most recent quarter.
iShares S&P MidCap 400 Value Index (IJJ) opened at $164.51 on Tuesday. The firm has a market capitalization of $6,040.00 and a price-to-earnings ratio of 7.88. iShares S&P MidCap 400 Value Index has a 52-week low of $142.74 and a 52-week high of $164.69.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 26th. Investors of record on Wednesday, December 20th were paid a dividend of $0.7286 per share. This represents a $2.91 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend was Tuesday, December 19th. iShares S&P MidCap 400 Value Index’s payout ratio is currently 11.69%.
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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.
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