iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) Hits New 52-Week High – What’s Next?

Shares of iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) reached a new 52-week high during trading on Tuesday . The stock traded as high as $144.82 and last traded at $144.71, with a volume of 10746 shares changing hands. The stock had previously closed at $142.51.

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

The stock has a market cap of $8.53 billion, a PE ratio of 16.13 and a beta of 0.96. The company’s 50-day moving average price is $139.97 and its 200 day moving average price is $137.12.

Institutional Trading of iShares S&P Mid-Cap 400 Value ETF

Institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its holdings in iShares S&P Mid-Cap 400 Value ETF by 498.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,754,991 shares of the company’s stock valued at $494,119,000 after purchasing an additional 3,127,303 shares during the last quarter. Bank of America Corp DE grew its stake in shares of iShares S&P Mid-Cap 400 Value ETF by 1.3% in the first quarter. Bank of America Corp DE now owns 2,402,568 shares of the company’s stock worth $318,340,000 after acquiring an additional 29,909 shares in the last quarter. UBS Group AG grew its stake in shares of iShares S&P Mid-Cap 400 Value ETF by 5.4% in the third quarter. UBS Group AG now owns 2,154,324 shares of the company’s stock worth $279,459,000 after acquiring an additional 110,590 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of iShares S&P Mid-Cap 400 Value ETF by 0.7% in the first quarter. PNC Financial Services Group Inc. now owns 1,350,338 shares of the company’s stock worth $178,920,000 after acquiring an additional 9,695 shares in the last quarter. Finally, D.A. Davidson & CO. grew its stake in shares of iShares S&P Mid-Cap 400 Value ETF by 3.6% in the first quarter. D.A. Davidson & CO. now owns 1,091,192 shares of the company’s stock worth $144,583,000 after acquiring an additional 38,084 shares in the last quarter. Hedge funds and other institutional investors own 66.95% of the company’s stock.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.