MV Capital Management Inc. Trims Stake in iShares S&P Mid-Cap 400 Value ETF $IJJ

MV Capital Management Inc. cut its position in shares of iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) by 16.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,027 shares of the company’s stock after selling 806 shares during the period. MV Capital Management Inc.’s holdings in iShares S&P Mid-Cap 400 Value ETF were worth $498,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quaker Wealth Management LLC increased its stake in shares of iShares S&P Mid-Cap 400 Value ETF by 200.5% in the 2nd quarter. Quaker Wealth Management LLC now owns 217 shares of the company’s stock valued at $27,000 after purchasing an additional 433 shares in the last quarter. Ryan Investment Management Inc. acquired a new position in iShares S&P Mid-Cap 400 Value ETF during the second quarter worth $31,000. Signature Resources Capital Management LLC grew its position in shares of iShares S&P Mid-Cap 400 Value ETF by 44.8% in the second quarter. Signature Resources Capital Management LLC now owns 278 shares of the company’s stock valued at $34,000 after purchasing an additional 86 shares during the period. IMA Advisory Services Inc. acquired a new stake in shares of iShares S&P Mid-Cap 400 Value ETF in the first quarter valued at about $40,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of iShares S&P Mid-Cap 400 Value ETF during the first quarter worth about $58,000. Hedge funds and other institutional investors own 66.95% of the company’s stock.

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

Shares of iShares S&P Mid-Cap 400 Value ETF stock opened at $129.66 on Thursday. The stock has a market capitalization of $7.86 billion, a P/E ratio of 16.13 and a beta of 1.05. The business has a 50 day simple moving average of $129.60 and a two-hundred day simple moving average of $125.74. iShares S&P Mid-Cap 400 Value ETF has a 12 month low of $102.24 and a 12 month high of $136.42.

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.