iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) Reaches New 52-Week High – Time to Buy?

iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $147.99 and last traded at $147.70, with a volume of 21304 shares changing hands. The stock had previously closed at $146.78.

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

The business has a 50 day simple moving average of $141.02 and a 200-day simple moving average of $137.59. The stock has a market capitalization of $8.74 billion, a P/E ratio of 16.13 and a beta of 0.96.

Hedge Funds Weigh In On iShares S&P Mid-Cap 400 Value ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC lifted its position in shares of iShares S&P Mid-Cap 400 Value ETF by 70.6% during the 4th quarter. Concurrent Investment Advisors LLC now owns 18,184 shares of the company’s stock valued at $2,393,000 after acquiring an additional 7,524 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of iShares S&P Mid-Cap 400 Value ETF by 1.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 429,149 shares of the company’s stock valued at $55,669,000 after acquiring an additional 6,362 shares during the last quarter. Novak & Powell Financial Services Inc. lifted its position in shares of iShares S&P Mid-Cap 400 Value ETF by 131.3% during the 3rd quarter. Novak & Powell Financial Services Inc. now owns 13,429 shares of the company’s stock valued at $1,742,000 after acquiring an additional 7,624 shares during the last quarter. Genesis Private Wealth LLC acquired a new stake in shares of iShares S&P Mid-Cap 400 Value ETF during the 4th quarter valued at $1,229,000. Finally, Sterling Financial Planning Inc. lifted its position in shares of iShares S&P Mid-Cap 400 Value ETF by 3.5% during the 4th quarter. Sterling Financial Planning Inc. now owns 152,975 shares of the company’s stock valued at $20,130,000 after acquiring an additional 5,107 shares during the last quarter. 66.95% of the stock is owned by institutional investors.

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.