iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) Hits New 12-Month High – Here’s Why

iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $148.28 and last traded at $148.02, with a volume of 33761 shares changing hands. The stock had previously closed at $146.78.

iShares S&P Mid-Cap 400 Value ETF Trading Up 1.4%

The business’s fifty day simple moving average is $143.82 and its two-hundred day simple moving average is $139.66. The stock has a market capitalization of $8.88 billion, a P/E ratio of 16.13 and a beta of 0.96.

Institutional Investors Weigh In On iShares S&P Mid-Cap 400 Value ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Merrithew & Thorsten Inc acquired a new position in iShares S&P Mid-Cap 400 Value ETF in the 4th quarter valued at approximately $26,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of iShares S&P Mid-Cap 400 Value ETF during the 4th quarter worth approximately $27,000. Cedar Mountain Advisors LLC acquired a new stake in shares of iShares S&P Mid-Cap 400 Value ETF during the 1st quarter worth approximately $27,000. Sankala Group LLC acquired a new stake in shares of iShares S&P Mid-Cap 400 Value ETF during the 4th quarter worth approximately $28,000. Finally, Toth Financial Advisory Corp bought a new stake in shares of iShares S&P Mid-Cap 400 Value ETF during the fourth quarter valued at approximately $29,000. 66.95% of the stock is owned by institutional investors and hedge funds.

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