Asset Dedication LLC raised its stake in shares of iShares S&P MidCap 400 Value Index (NYSEARCA:IJJ) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,526 shares of the company’s stock after acquiring an additional 369 shares during the quarter. iShares S&P MidCap 400 Value Index makes up about 2.9% of Asset Dedication LLC’s portfolio, making the stock its 2nd biggest position. Asset Dedication LLC owned approximately 0.12% of iShares S&P MidCap 400 Value Index worth $7,124,000 as of its most recent filing with the Securities and Exchange Commission.

Shares of iShares S&P MidCap 400 Value Index (NYSEARCA IJJ) opened at $163.08 on Wednesday. The stock has a market capitalization of $5,990.00 and a price-to-earnings ratio of 7.81. iShares S&P MidCap 400 Value Index has a 52-week low of $142.74 and a 52-week high of $165.40.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 26th. Stockholders of record on Wednesday, December 20th were given a $0.7286 dividend. The ex-dividend date was Tuesday, December 19th. This represents a $2.91 dividend on an annualized basis and a dividend yield of 1.79%. iShares S&P MidCap 400 Value Index’s payout ratio is 11.69%.

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iShares S&P MidCap 400 Value Index 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.

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