iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) Sets New 1-Year High – Still a Buy?

Shares of iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) reached a new 52-week high on Wednesday . The company traded as high as $125.58 and last traded at $125.0550, with a volume of 69806 shares traded. The stock had previously closed at $122.52.

iShares S&P Small-Cap 600 Value ETF Stock Up 2.3%

The stock has a market capitalization of $7.72 billion, a PE ratio of 13.92 and a beta of 1.08. The stock’s 50 day moving average price is $117.52 and its 200-day moving average price is $111.66.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC increased its holdings in iShares S&P Small-Cap 600 Value ETF by 6.0% during the fourth quarter. Brighton Jones LLC now owns 7,688 shares of the company’s stock valued at $835,000 after buying an additional 436 shares during the period. AQR Capital Management LLC raised its holdings in shares of iShares S&P Small-Cap 600 Value ETF by 189.9% in the first quarter. AQR Capital Management LLC now owns 7,247 shares of the company’s stock worth $706,000 after buying an additional 4,747 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in iShares S&P Small-Cap 600 Value ETF by 9.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 188,181 shares of the company’s stock worth $18,344,000 after acquiring an additional 15,669 shares during the period. Jane Street Group LLC lifted its holdings in shares of iShares S&P Small-Cap 600 Value ETF by 751.6% during the first quarter. Jane Street Group LLC now owns 26,400 shares of the company’s stock worth $2,573,000 after purchasing an additional 23,300 shares during the period. Finally, Tcfg Wealth Management LLC acquired a new stake in iShares S&P Small-Cap 600 Value ETF during the 2nd quarter valued at approximately $487,000. 71.86% of the stock is currently owned by institutional investors.

iShares S&P Small-Cap 600 Value ETF Company Profile

iShares S&P Small-Cap 600 Value ETF, formerly iShares S&P SmallCap 600 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 SmallCap 600 Value Index (the Index). The Index measures the performance of the small-capitalization value sector of the United States equity market and consists of those stocks in the S&P SmallCap 600 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.