Novem Group Increases Stock Holdings in iShares S&P Mid-Cap 400 Value ETF $IJJ

Novem Group increased its holdings in iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) by 4.7% in the second quarter, HoldingsChannel.com reports. The fund owned 39,871 shares of the company’s stock after acquiring an additional 1,776 shares during the period. Novem Group’s holdings in iShares S&P Mid-Cap 400 Value ETF were worth $4,927,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IJJ. Dakota Wealth Management lifted its position in iShares S&P Mid-Cap 400 Value ETF by 9.6% during the second quarter. Dakota Wealth Management now owns 56,308 shares of the company’s stock valued at $6,959,000 after buying an additional 4,919 shares during the period. Moneywise Inc. purchased a new position in iShares S&P Mid-Cap 400 Value ETF during the second quarter valued at $204,000. IMS Capital Management purchased a new position in iShares S&P Mid-Cap 400 Value ETF during the second quarter valued at $203,000. Accurate Wealth Management LLC purchased a new position in iShares S&P Mid-Cap 400 Value ETF during the second quarter valued at $1,523,000. Finally, Axis Wealth Partners LLC lifted its position in iShares S&P Mid-Cap 400 Value ETF by 54.6% during the second quarter. Axis Wealth Partners LLC now owns 11,598 shares of the company’s stock valued at $1,433,000 after buying an additional 4,094 shares during the period. Hedge funds and other institutional investors own 66.95% of the company’s stock.

iShares S&P Mid-Cap 400 Value ETF Trading Down 0.6%

Shares of iShares S&P Mid-Cap 400 Value ETF stock opened at $128.56 on Friday. The firm has a market capitalization of $7.97 billion, a P/E ratio of 16.13 and a beta of 1.17. The business has a fifty day simple moving average of $128.26 and a two-hundred day simple moving average of $122.29. iShares S&P Mid-Cap 400 Value ETF has a 12 month low of $102.24 and a 12 month high of $136.42.

iShares S&P Mid-Cap 400 Value ETF 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.