Novem Group raised its position in iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ – Free Report) by 3.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,095 shares of the company’s stock after purchasing an additional 1,391 shares during the quarter. Novem Group’s holdings in iShares S&P Mid-Cap 400 Value ETF were worth $4,561,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of IJJ. Raymond James Financial Inc. acquired a new stake in iShares S&P Mid-Cap 400 Value ETF during the 4th quarter worth approximately $106,658,000. Modern Wealth Management LLC acquired a new position in iShares S&P Mid-Cap 400 Value ETF during the fourth quarter valued at approximately $69,402,000. FMR LLC grew its stake in iShares S&P Mid-Cap 400 Value ETF by 4.4% during the fourth quarter. FMR LLC now owns 3,366,491 shares of the company’s stock worth $420,677,000 after buying an additional 143,077 shares during the period. Ameriprise Financial Inc. increased its position in shares of iShares S&P Mid-Cap 400 Value ETF by 7.6% in the fourth quarter. Ameriprise Financial Inc. now owns 987,732 shares of the company’s stock worth $123,442,000 after acquiring an additional 69,868 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of iShares S&P Mid-Cap 400 Value ETF by 3.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,862,735 shares of the company’s stock worth $232,767,000 after acquiring an additional 67,236 shares in the last quarter. 66.95% of the stock is owned by institutional investors and hedge funds.
iShares S&P Mid-Cap 400 Value ETF Trading Up 1.3%
Shares of IJJ stock opened at $127.45 on Thursday. The company has a market cap of $7.93 billion, a PE ratio of 15.60 and a beta of 1.17. The company’s fifty day simple moving average is $120.14 and its 200-day simple moving average is $121.66. iShares S&P Mid-Cap 400 Value ETF has a 52 week low of $102.24 and a 52 week high of $136.42.
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.
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