iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) Sets New 52-Week High – Still a Buy?

iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) shares reached a new 52-week high on Wednesday . The stock traded as high as $144.47 and last traded at $143.1390, with a volume of 8951 shares trading hands. The stock had previously closed at $143.25.

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

The company’s 50 day moving average price is $135.99 and its 200 day moving average price is $131.25. The firm has a market capitalization of $8.67 billion, a P/E ratio of 16.13 and a beta of 1.05.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. grew its position in shares of iShares S&P Mid-Cap 400 Value ETF by 498.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,754,991 shares of the company’s stock worth $494,119,000 after buying an additional 3,127,303 shares during the period. Bank of America Corp DE boosted its stake in iShares S&P Mid-Cap 400 Value ETF by 0.8% in the second quarter. Bank of America Corp DE now owns 2,392,099 shares of the company’s stock valued at $295,616,000 after acquiring an additional 19,672 shares during the last quarter. UBS Group AG grew its holdings in iShares S&P Mid-Cap 400 Value ETF by 5.4% during the 3rd 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 during the period. Envestnet Asset Management Inc. raised its position in shares of iShares S&P Mid-Cap 400 Value ETF by 4.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,968,545 shares of the company’s stock valued at $255,360,000 after acquiring an additional 80,204 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of iShares S&P Mid-Cap 400 Value ETF by 1.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,340,643 shares of the company’s stock valued at $176,415,000 after purchasing an additional 22,215 shares during the period. 66.95% of the stock is currently owned by institutional investors and hedge funds.

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.